Lordstown Motors Technical Analysis: Chart Buy Level

By Gareth Soloway of In the Money Stocks

President & Chief Market Strategist at IntheMoneyStocks • Mar 23, 2021 at 4:01 PM EDT

Shares of Lordstown Motors Corp are falling again. Questions continue to pop up about whether or not there will be significant demand for their electric vehicles.

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.

Disclaimer:

All comments made by InTheMoneyStocks, LLC and its subsidiaries, instructors, and representatives are for educational and informational purposes only and should not be construed as investment advice regarding the purchase or sale of securities, or any other financial instrument of any kind. Please consult with your financial adviser before making an investment decision regarding any securities mentioned herein. InTheMoneyStocks, LLC and its representatives assume no responsibility for your trading and investment results. All information on the website was obtained from sources believed to be reliable., but we do not warrant its completeness or accuracy, or warrant any results from the use of the information. InTheMoneyStocks, LLC, its employees, representatives and affiliated individuals may have a position or effect transactions in the securities herein and or otherwise employ trading strategies that may be consistent or inconsistent with the provided strategies. Trading of any type involves a very high degree of risk. Futures and Options trading are not suitable for all investors. Past results are not indicative of future results. InTheMoneyStocks, LLC, its subsidiaries and all affiliated individuals assume no responsibility for your trading and investment results.