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Analysis: #NASDAQ $RIDE
Case 507 #Lordstown Motors Corp.
DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.
RIDE 1/4
Case 507 #Lordstown Motors Corp.
DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.
RIDE 1/4
Chart 1
Weekly Chart: Dominated by short term traders as the reaction off the November lows has been disappointing - the failure at the #pivot 29.01 and the inability to record a new all time high above 31.80. The chart is now short term #bearish and we await a .....
RIDE 2/4
Weekly Chart: Dominated by short term traders as the reaction off the November lows has been disappointing - the failure at the #pivot 29.01 and the inability to record a new all time high above 31.80. The chart is now short term #bearish and we await a .....
RIDE 2/4
..... reaction towards 17.25- 15.80 to initiate our position. #Trendline #support and control are in #confluence at 14.48 with the #SMA 200 hovering slightly above. The #resistance zone 25.47- 26.48 is rather fragile.
RIDE 3/4
RIDE 3/4
Hey #RNC2020, Since you brought up #Lordstown, we have some more thoughts.
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policymattersohio.org/press-room/201…
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policymattersohio.org/press-room/201…
Ohio lawmakers can extend the Art Modell Law to other businesses. The law, passed after the Browns' owner moved the team to Baltimore, requires pro sports teams to give at least 6 months’ notice of intent to leave, and give locals the opportunity to buy the franchise.
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Strengthen WARN Act protections & enforcement. The Federal Worker Adjustment & Retraining Notification (WARN) Act requires large employers give 60 days’ notice to the state & workers before a big layoff. Some states include smaller firms & layoffs and provide severance pay 3/
Did you know that Lordstown is actually in Appalachia? If the GOP wants to help them, they should embrace our @newdeal4us blueprint!
FYI, as of June, #Lordstown Motors employed abt 70 workers & 100 contractors -- down from 1,500 when GM closed the plant. #RNC2020Convention
FYI, as of June, #Lordstown Motors employed abt 70 workers & 100 contractors -- down from 1,500 when GM closed the plant. #RNC2020Convention
Footnote 1: "Steve Burns, chief executive officer of Lordstown Motors, said the plant currently employs about 70 employees and 100 contractors." record-courier.com/story/business…
Footnote 2: "The sprawling 6.2-million-square foot facility was idled; it’s 1,500 workers left sickened, saddened, angered and frustrated." tribtoday.com/news/local-new…
There is also a Carnegie Library (repurposed now) and an amazing Courthouse. @EastwoodMallOH is, I believe, the first of its kind in the country. Sunrise Pizza...shall I go on? #TheLand has its heart in Warren, home of the Western Reserve.
I hope you reporting from Warren @NPRinskeep. Courthouse Square, btw, hosted last weekend rallies for both JFK and @JohnKerry.
You there to report on @GM #Lordstown plant? Please convey how devastating closure would be. (And not only did Harding HS produce Ailes, it also graduated HOFer Paul Warfield. )Birthplace markers? Maybe for #DaveGrohl, but best bet is next door in Niles for President McKinley.
