RIDE is coasting down
Updated
RIDE is an EV Nasdaq Penny Stock. It is in danger of delisting. A major financing deal fell
through. This company is having a hard time getting traction much like MULN and FFIE.
On the chart, price has fallen down into the lower Bollinger Band and is at the bottom
of the high volume area of the volume profile.
My forecast is continued trending down until it gets near to the prior swing low at the
beginning of this week. There the short sellers will liquidate and a new wave of "riders"
will take a ride.
That said, I have bought put options today and expect to sell them out and switch to calls
next week, They are for 10 DTE and should appreciate quite well fairly quickly.
through. This company is having a hard time getting traction much like MULN and FFIE.
On the chart, price has fallen down into the lower Bollinger Band and is at the bottom
of the high volume area of the volume profile.
My forecast is continued trending down until it gets near to the prior swing low at the
beginning of this week. There the short sellers will liquidate and a new wave of "riders"
will take a ride.
That said, I have bought put options today and expect to sell them out and switch to calls
next week, They are for 10 DTE and should appreciate quite well fairly quickly.
Trade active
RIDE has gone sideways this week in consolidation expect the next leg down next week.
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