Ride was downtrading for 12 months, loosing over 90% from ATH
It looks like reversal to me. Currently its at $3 with my target of 4.33
Short interest is rather high and if it fails to brake and stay above $3, it may reach $2.20 , making a double bottom.
Which would make Another entry.
I have starter long position at this point and will add to it depending circumstances.
It looks like reversal to me. Currently its at $3 with my target of 4.33
Short interest is rather high and if it fails to brake and stay above $3, it may reach $2.20 , making a double bottom.
Which would make Another entry.
I have starter long position at this point and will add to it depending circumstances.