RIDE

2021年5月24日

Technical Perspective:
1. Stoch's show a bottom.
2. Descending Wedge/Consolidation, typical before price mark-up.
3. Price target derived by measuring the first wave up and applying it to a hypothetical breakout from current descending wedge.

Fundamental perspective:
Will the earnings call produce anything on the chart?
Opinion: The call will likely bring some teasing news, also has the potential to scare new investors with some realistic forecasts.

Will the PR week near the end of June produce anything on the chart?
Opinion: Possible to produce some sharply positive results with a hangover, positive results likely to be short-lived because production doesn't start until September

NEW AND LOUD COMPETITION FROM FORD IS A CONSTANT RISK TO SHARE PRICE APPRECIATION IN THE NEAR TERM.


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called the recent $7 low
s3.tradingview.com/snapshots/a/A1PmSNXW.png

called the trip back up to $11
s3.tradingview.com/snapshots/h/HSMjQ6Dq.png

called the trip back down to $9
s3.tradingview.com/snapshots/o/OBHlYKWA.png

Will we see the apparent bull flag play out towards the targeted range of $13.xx-$16.xx?
s3.tradingview.com/snapshots/5/5N2lvRjM.png

2021年5月24日

註釋

Earnings call teases plenty of good info and balanced with some realistic forecasts, also clarifying that they have no debt and will hit production goals, even without extra loans.

2021年5月26日

註釋

as shown, the wedge is broken but support and resistance of the consolidation are mapped out and triggers for entry are set.

2021年5月27日

註釋

looking good so far.

2021年5月28日

註釋

The short term bullflag is broken. I am still holding a large position, writing a mix of weekly and long term calls.

2021年6月2日

註釋

while the bullflag is looking like it may still have some gas, I am not counting on it to deliver but, still pretty cool.

2021年6月3日

交易結束：目標達成

Check and mate