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Lordstown Motors May Give Great Buying Opportunity ShortlyThis is an important time for Lordstown Motors' stock price. Lordstown Motors has been in a defined downtrend since November 24th. On December 8th they released a video showing CEO, Steve Burns, put the "skateboard" chassis to the test. I'm wondering how much that video slowed down the stocks slide. As the very next day on December 9th the stock was almost flat closing down just -0.88%. They are at a critical price point of $19.20. If the stock continues trending down and breaks this below $19.20 could see the stock fall further to its strongest support level of $16.38. If the stock does keep falling this will present an interesting buying opportunity. As seen on the chart, with the two black circles, shows Lordstown Motors' incredible support. If the stock dips below $19.20 and comes close to $16.38 then we'll have a chance to add to our position at a great long-term price. Lordstown Motors says they want to be first to market with their Endurance pickup truck with a revolutionary all-electric In-Wheel Drive System that utilizes four hub motors with integrated software—giving customers a motor and a mind in each wheel.
RLong
by TickerTimeNews
2
HYLN Long My next long hold is HYLN. I was lucky enough to get in on a cost basis of $22/share. I loved HYLN when it was $50’s back when it was still known as SHLL. I’m not quite sure of the reason why there was such a big sell off - I do know that post-merger, SHLL did not have the 180 day lock out period that most SPACs have. I personally believe that HYLN is providing a real world, practical solution to one of the biggest challenges facing the world - EV Semi trucks. I’m looking at the end of Aug 3 to Aug 13 2020 of the consolidation phase after the initial pop. I see the Bollinger Bands squeezing which led to the outbreak up to the high 50’s, and I see something similar forming at the moment. Also looking at the Doji that was present before the initial run, that we also saw about 2 weeks ago (October 28 2020). The last time we saw the price break the 20 day MA on the Bollinger Bands was also during that initial run, which we also broke this last week. MACD also gave us confirmation for a buy signal shortly after the Doji on Oct 28 as well. IF we can break 28, I think there is a good chance we will see the 40’s very quickly based off the volume shelf. I don’t see historically very much volume in between 28 to 40, which leads me to believe we have a good chance of pumping.
HLong
by itsmiguelsol
DPHC (RIDE) Stuck in a Consolidation???Risk-heavy margin traders(margin to beat settlement at the very least) will enter at the first cross of the 10 & 20 EMAs, and in this case, be rewarded. Traders looking for confirmation will wait for the price to retest the cloud/gap between the EMAs before considering an entry, and in this case, miss some intra-week gains. Overall, the drawn-out/predicted consolidation should be taken with a grain of salt, as far as general timing and the number of bounces is considered. However, the resistance and support lines are more likely to be respected. Either way you slice it, when RIDE emerges we will likely look back and see a break to the upside on this chart.
DLong
by rolledchange
$DPHC $RIDE Consolidation until merger news $WKHSOn days like today, you have to zoom out and take in the bigger picture. As long as the support levels continue to hold, and PA follow the yellow algo trend line, this is still a bullish chart. If they break down, so be it move on to next SPAC, but it’s hard to stay bear when you know there is fundamental news coming, and the existing fundamentals support a higher price. Looks like there could be nice confluence between our next break out point, and the merger.
D
by TheGreatBatsby
Bitcoin: BTCUSD Update...ride it..again! Bitcoin update So far so good, but not out of woods yet. We're long from 7090 and with the low at 7064 stops under 7050 have not been hit yet. There's resistance overhead at 7200 up to the resistance line above it at 7220 now...likely to come back from here, so day traders cn unload some longs and perhaps get in lower againa t 7150 ...but when it breaks above the line at 7120 now it should begin to accelerate. Let's see how it goes...
BITSTAMP:BTCUSDLong
by sumastardon
Bitcoin: BTCUSD Ride this Tiger nowBitcoin:BTCUSD Ride It now and let's see where it takes us next... So far, so good...low at 7332 so no stops should have been hit with the cavalry arriving just in time...so now for Bitcoin's next trick...pin bars from thenew high show there's some serious profit taking going on and it should come back to the break-out level yawn, in text-book fashion again? Surely this has to do something bad soon...it's just being too sweetly behaved...anyway despite being a little taken aback by it's sweet nature today we should stay long, I believe ...it can come back to test the old trend line again from above bit it should hold up...it's overbought and needs to unwind some. If it can hold up now you could end up very rich from today's trade....just hold it until you see it getting mentioned on the FRONT page of your newspaper (not electonic, real) - time, as always, will tell Over and out - And Good luck from the man in the white hat!
BITSTAMP:BTCUSDLong
by sumastardon
BTC/USD The end of the diagonal triangle formation. Finally!!!Currently we have ended the diagonal triangle formation and it appears after extensive market movement and several re-adjustments of my chart (E) 5th wave of the diagonal triangle formation hit a pivot below the 0.618 fib line at 5405 and is currently hovering around the 0.618 fib line. Currently momentum and volume are rising with the potential to finally hit the 6200 mark within the next few days. RSI is still over sold and also still within the 70% volume profile area. It has been a wild ride and I am looking forward to the bull ride.
KRAKEN:BTCUSDLong
by Black_Swan-