Rivian (RIVN) has broken out of a bullish consolidation pattern, signaling potential upside momentum. The breakout above resistance is supported by increased volume, indicating strong buying interest. The technical target is set around $11.50, with sustained movement above the breakout level suggesting a continued rally toward this region.
N/b just a speculative analysis
N/b just a speculative analysis
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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.