Lordstown Motors Technical Analysis: Chart Buy Level

Shares of Lordstown Motors Corp (RIDE) are falling again. Questions continue to pop up about whether or not there will be significant demand for their electric vehicles. The CEO had once claimed a ton of reservations, but has since walked that back as there was no money put down to lock anything in. The stock has fallen from over $30.00 to their current level of $12.79. Based on the Lordstown Motors technical analysis in the chart, there is still further downside before a potential bottom is made. There is a key gap fill on the daily chart at $10.30. Once hit, the stock chart dictates a bounce. This is a swing trade based on the Lordstown Motor technical analysis.

Members of Gareth’s Verified Investing Alerts closed out a total of 206 swing trades in 2020 for a net gain of 1,507.67%. So far in January, February and March 2021, Gareth already banked 343.64% net (37 winners, 1 loser), in Verified Investing Alerts. Members are crushing 2021!  Join now and get the exact entry/exit price alerts, stops and targets…LIVE. Get The Action NOW by Clicking HERE.