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RIDE is on the HIGH ROAD

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$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
交易進行
Ride is rising 4% in two days off its lower support

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