I haven't shared in a while as the market structures have been too choppy.
Rivian seems to be bucking the trend of the overall market based on light speculation on new models, and technicals forming a longer term down trend break to upside.
I'm looking at this 3 day pull back as a perfect retest of the break. If it holds, I will add more to trade the range once it forms.
Rivian seems to be bucking the trend of the overall market based on light speculation on new models, and technicals forming a longer term down trend break to upside.
I'm looking at this 3 day pull back as a perfect retest of the break. If it holds, I will add more to trade the range once it forms.
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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.