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.
DPHC
$DPHC - Bullish Symmetrical Triangle Pattern DPHC (soon to be Lordstown) trades with $WKHS as they own 10% of the Company and they produce the Company's vans (same founder) and can be traded together. Oct. 22 Stockholders meeting to approve the merger with the SPAC is big a catalyst next week. Look for a breakout next week. However, I expect overall market sentiment to be volatile leading up to the election and the stock could potentially rollover so be cautious.
DPHC (RIDE)The more likely short-term scenario for Lordstown. More content coming to my youtube channel soon! RolledChange Trading
$DPHC Possible breakout on 4 HR. Caution AheadNeeds to find support and stop following WKHS to keep an upward trend. Nothing but good news for this company.
DPHC (RIDE) SHORT TERM BEAR - LONG TERM BULLwe might get a chance to buy under $18, assuming a catalyst doesn't form to propel the price higher.
$DPHC - SWINGGetting a DOJI candle that tickled the 21 EMA. Looking for this to open higher and blast off the 21 EMA and test new highs with catalyst coming on Oct 22 for the merger.
Hidden Bullish Divergence on $DPHC $WKHSLooking strong here, bouncing off the .5 fib retrace as well.
$DPHC - Merger news NEEDED to stay bullish Dphc is in a downward trend that can only be broken by good news. Next few days could be crucial to keep this pumping.
Currently holding 1100 shares.
$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.
$DPHC Good Buying Opportunity for next leg up Should follow the trend line. Any news could spike the price. Below the trend stop loss at 25.50
DPHC could also be forming a bear flag, $25 test is hugePutting more stress on the price action around $25, $DPHC STOCH and RSI are looking like they are posing for a test of the Bullish Control Zone, so look for this test of resistance soon. If it fails, we could be confirming the bear flag, sadly. Daddy EV TSLA will play factor here.
KEY TURNING POINT HERE! BREAK AND WE GO TO $30LONG TERM SUPPORT AND RESISTANCE TREND LINE + POTENTIAL 50/200EMA DEATH CROSS BEING DEFENDED + COMPLETE FIB RETRACE = FIGHT FOR PRICE ACTION.
Break above here and DPHC is moving back to $30
