Long
RIDE is on the HIGH ROAD
$NASDAQ:RIDE
RIDE , an EV stock has a catalyst in the new federal legistlation.
It has been rising in an ascending channel since early July when it reversed
a downtrend with a double bottom
Here on the 4H chart are supply demand zones, the volume indicator and an
EMA ribbon surrounded by Bollinger Bands.
Blue volume spikes with the recent excellent earnings report
and then the federal legislation have given RIDE buoyancy.
Presently, it is sitting in the lower portion of the ascending channel
and the middle of wide Bollinger Bands.
I see RIDE as an excellent swing trade setup with a stop loss
under the support zone and a target above the resistance zone
near to the high price on the chart set on earnings which also
corresponds to a high volume node on the volume profile.
at about the recent high set on
RIDE , an EV stock has a catalyst in the new federal legistlation.
It has been rising in an ascending channel since early July when it reversed
a downtrend with a double bottom
Here on the 4H chart are supply demand zones, the volume indicator and an
EMA ribbon surrounded by Bollinger Bands.
Blue volume spikes with the recent excellent earnings report
and then the federal legislation have given RIDE buoyancy.
Presently, it is sitting in the lower portion of the ascending channel
and the middle of wide Bollinger Bands.
I see RIDE as an excellent swing trade setup with a stop loss
under the support zone and a target above the resistance zone
near to the high price on the chart set on earnings which also
corresponds to a high volume node on the volume profile.
at about the recent high set on
Trade active
Ride is rising 4% in two days off its lower support
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.