Buy RIVN cheaper than George SorosBillionaire investor George Soros bought a $2 billion stake in electric truck startup Rivian in the quarter ended Dec. 31.
His average should be around $100.
RIVN 52 Week Range $37.50 - 179.47, today hitting all time low.
I see this as a potential buy opportunity.
My price target is $65.
Looking forward to read your opinion about it.
Rivianmotors
Rivian Stock RIVN Strength SignalsRivian stock RIVN has rallied 5.87% Wednesday to close at $64.53. The stock has shown some strength recently aiming for the downward trend’s reversal after confirming the formation of both; higher low, and a bottoming reversal pattern.
The stock RIVN could extend its rally hitting 23.60% Fibonacci retracement level that corresponds to the reversal pattern’s minimum target at $80.60 point on the short term.
RIVN BULLISHRIVN is a stock that most people now go Bearish on and smart money see this as an opportunity to drive the price up to bring it down I think. If the price goes over 124 I don't think we will see any Bearish moves. I see liquidity from people shorting RIVN and that needs to be filled and take people out of the game before going down.
RIVN is very volatile and you should not spend any money on this stock if you don't know what you are doing.
$RIVN Rivian Motors TA Upcoming Week$RIVN Rivian Motors Technicals for upcoming week.
NOTES:
- Rivian Motors has had ATH @ $180/s last week with a break correction currently at $128
- WATCH RVIN line at $120:
-- IF The lines breaks the stock can have a down-trend towards $95/s range
-- IF There is a bounce, stock will continue up-trend towards $180/s range
--Crucial that you watch that line within the next few days
FUNDEMENTALS:
- We typically only do technical here, but important to know that as of writing this the stock futures are -200pnts currently.
$RIVN Rivian Motors Technical Analysis $RIVN Rivian Motors
Technical Analysis
Although $RIVN has had an IPO in the past few weeks without much data to do a technical analysis, but we are already seeing patterns.
TAKE AWAY:
- Rivian Motors has broken the ATH Resistance line and it now became the support line as shown on the chart.
- The Analysis shows us the stock has massive potential of Up Trend.
- No other Technical Red Flags shown.
- In unlikely scenario the stock will bounce off the NEW support line if there is a correction.
KEEP AN EYE on a small correction to make your market move. But remember it is unlikely the stock will move lower the new support line.
ANY comments appreciated.
Important Trend Line!Money Makers!
Rivian has finally been launched on the NYSE. This trend line shown will be very important over the next few days, especially when we're able to use options. If it breaks below, that will be one of the first bearish signs and I'm sure there's a lot of bears waiting to take advantage. This project is currently backed by Amazon & Ford. With that being said with the pettiness between Elon and Jeff. I wouldn't be surprised if this project keep moving higher. Tesla is currently 10x Rivians price and I'm sure Jeff wants to catch up but that's just my opinion.
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RIVIAN is finally here! $RIVN backed buy Amazon and Ford - LIVE!Rivian is an automotive technology company that develops products and services to advance the shift to sustainable mobility. The company creates solutions that redefine traditional automotive economics and remove the pain points of conventional ownership. It also manufactures autonomous electric vehicles intended to offer a comfortable and eco-friendly drive experience. Robert J. Scaringe founded Rivian in Plymouth, Minnesota in 2009.
Amazon currently holds a roughly 22% stake in Rivian. Amazon founder Jeff Bezos showed off his commitment to the company as he prepared to go to space in July; he and fellow astronauts rode to the launch site in a Rivian SUV!