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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.

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