Rivian Automotive, Inc. (RIVN) is an electric vehicle company focused on adventure-ready trucks and SUVs. With models like the R1T and R1S, Rivian is carving out its place in the EV market by offering rugged, high-performance electric vehicles designed for both city streets and off-road adventures. The company’s growth is driven by rising demand for sustainable transportation, strong partnerships, and its expanding production capabilities.
The stock chart recently showed a confirmation bar with increasing volume and is finding demand at the Fibonacci 0.618 level inside the corrective zone (0.382-0.618). This is a strong support area in uptrends, signaling that buyers are stepping in, creating potential for a rebound. A trailing stop can be set using Fibonacci levels, helping traders manage risk while staying in the trade as the stock moves higher.
The stock chart recently showed a confirmation bar with increasing volume and is finding demand at the Fibonacci 0.618 level inside the corrective zone (0.382-0.618). This is a strong support area in uptrends, signaling that buyers are stepping in, creating potential for a rebound. A trailing stop can be set using Fibonacci levels, helping traders manage risk while staying in the trade as the stock moves higher.
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Learn this trading method
link.traderspro.com/f39nzb0t
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link.traderspro.com/kuPneCQK
Top daily idea articles
link.traderspro.com/4aKGhiHD
Read on substack
link.traderspro.com/k2r16ljr
link.traderspro.com/f39nzb0t
Daily email newsletter
link.traderspro.com/kuPneCQK
Top daily idea articles
link.traderspro.com/4aKGhiHD
Read on substack
link.traderspro.com/k2r16ljr
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.