RIDE is about to break out of its 6 month long symmetrical triangle.
I am very picky about symmetrical triangles. When I see symmetrical triangles, I like to trade them when they break out like below.
All the moving averages are pointing up.
The line bounding the triangle on the top end does not slope downward to much.
The breakout pushed past the top of the triangle.
It breaks out about two thirds of the way into the triangle pattern.
RIDE is displaying all of these traits. I will be watching the closing price today to see if I will be going long. It must close above 31 for me to consider going long.