EV has been hated lately. I look for areas of value where sentiment is overly negative.
RIVIAN is showing relative strength to the market today, currently up 3% while the a lot of the market bleeds.
The range forming on RIVIAN has a gap above at $22-$23, I think we fill that.
$15 has been a pivotal level in the last year or so for Rivian and I see that level holding with a bullish inverted head and shoulders.
Again, this is just a range trade with good R &R.
RIVIAN is showing relative strength to the market today, currently up 3% while the a lot of the market bleeds.
The range forming on RIVIAN has a gap above at $22-$23, I think we fill that.
$15 has been a pivotal level in the last year or so for Rivian and I see that level holding with a bullish inverted head and shoulders.
Again, this is just a range trade with good R &R.
Trade active
$15 is clearly a level of interest - still holding.Note
At $16.80 in pre-market trading - might be eating steak and lobster soon.
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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.