Rivian breaks uptrendPerhaps another retest of the bottom prices we saw a few months ago? If so, a good time to buy a little tiny bit for my ass.
RIVN trade ideas
Wave 2 complete?I left the box on the chart to show where we are in relation to where i thought we might end. The price points I set are based on normal end points for second waves. However, wave 2's can technically retrace 100% of wave 1 and still be a valid count.
That being said the count looks complete to me and I suspect we should be on our way up for wave 3 come Monday.
As I told someone earlier, I plan to hold Rivian for at least 5-10 years. I may sell and buy some throught that time but 100% of what I sell will always go back into Rivian . I will also continue to accumulate Rivian at certain price points. So if price does go down a few bucks I'm not worried because I know in a few years these stock will be worth much much more.
Good luck to all,
--Tyler
Wave 2?Today Rivian completed a 5 wave decline(A wave) and started what looks like an ABC retrace for the B wave. If this is the B wave it should NOT go above the 0.236 fib line @$33.75 before coming back down to make a new low below $31.72.
If price goes down below $31.72, then that means the ABC is already done and we are in our C wave of wave 2.
I will be looking to fill an order at that time. I suspect it will either be tomorrow or Monday.
IF I MAKE ANY BUY ORDERS FOR RIVIAN I WILL PLACE THEM ON MY MOST RECENT RIVIAN POST AT THAT TIME!
As always feel free to message or comment with questions.
Best luck to all,
--Tyler
RIVN: Torque to 44?!RIVIAN AUTOMOTIVE
Intraday - We look to Buy at 31.23 (stop at 26.03)
The trend of higher lows is located at 28.60. This is positive for sentiment and the uptrend has potential to return. Prices expected to stall near trend line support. Dip buying offers good risk/reward.
Our profit targets will be 43.94 and 48.00
Resistance: 44.00 / 57.00 / 108.00
Support: 30.00 / 19.00 / 10.00
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Looks like the bottom is inSorry it's been awhile since I posted on Rivian last. Life has me busy, and usually when I post its on Tesla, because I feel there is more money to be made there. Nonetheless I fully believe there is money to be made on Rivian long term, more so then most EV's.
Since my last post rivian made a 'shaky' 5 wave structure up, and then started what appears to be a small 5wave down for the a wave of wave 2. If this is wave 2 it should end somewhere within the box I have labeled. Feel free to message with questions. Goodnight yall.
Good luck to all,
--Tyler
RIVN DAILY WOLFE WAVE ACTIVEAnother daily wolfe wave setup was triggered post midterms. The chart for RIVN is closing in on the 200 day ma which will act as short term resistance. Typically the first attempt usually rejects which will be approx at 37.4. Mid term tgt is estimated at $54 May 2023. With tax losses and Christmas rally into end of year, we should see most of the small caps rally and accelerate into Feb 2023. Keep in mind there is an open gap at $140.
RIvian hitting 200 SMA and fill the gaps?RIvian hitting 200 SMA and fill the gaps around the $32 zone, $27 Zone and $24 Zone?
Have we bottomed??I haven't posted on Rivian much lately mainly because it's in an ED pattern for awhile now.
Rivian hit in my box on Wednesday for a low of $27.37. This was followed by a sharp snap back of over 18% in 1 minute.....That's the kind of reaction we expect to see from a bottom. However we won't know for sure unless price takes out $37.38 (wave 2). Our first clue will be if it takes out $36.41.
I still feel like it has another low to make with the rest of the market personally. On the chart i have blue numbers and orange numbers. Both are valid counts but we won't know which is right until price makes a new high or new low. Maybe next week or the week after at the latest we will have our answers. Either way I'm holding for awhile longer and hoping for better prices.
--Tyler
RIVN Rivian Automotive options Ahead of EarningsIf you haven`t sold RIVN Rivian after the bad news:
Then looking at the RIVN Rivian Automotive options chain ahead of earnings, i would buy the $30 strike price Puts with
2023-6-16 expiration date for about
$6.60 premium.
If the options turn out to be profitable Before the earnings release, i would sell at least 50%.
Looking forward to read your opinion about it.
Adios RIVNThe implosion of crypto markets impacts all other non-sensical trading and investment ideas. Not to say that some business models are faulty, but many are, shall we say, trading at rather inflated levels.
RIVN is a case in point. It found a lifeline in early October when 30.72 (RED) provided a nice bounce, but after today, we see that it is now a distant memory. Both 30.72 (RED) and 29.45 (ORANGE) were breached. Don't be a knife catcher.....that's not how you succeed in this business.
Descending Triangle Earnings today AMC. Price appears to be hemorrhaging today.
Perhaps owners are afraid of results this afternoon and getting the heck out of Dodge. I guess there is no telling what the reaction to the news will be.
Estimates are lower than last quarter.
Short interest is around 9.6%
No recommendation/Short with a break of support.
ATL 19.25 ATH 179.47.
Price is on the verge of breaking support.
Upcoming Quarter's Earnings
Announce Date
11/9/2022 (Post-Market)
EPS Normalized Estimate
-$1.83
EPS GAAP Estimate
-$1.94
Revenue Estimate
$554.06M
EPS Revisions (Last 90 Days)*
Up-1 Down-9
Group 2
Up-1 Down-10
Rivian Overlook: Last week recapLast Week overview:
- It is important to find Gaps in the candesticks.
- Each gap WILL close eventually.
- In this example we see the gap closed with a smallest touch, but nonetheless it HAS been closed.
- Falling wedge followed by rising underlying asset.
Final leg down?Looks to me as if we have started our wave 5 down in this ED. I'm staying out until we bottom but I have marked a probable ending to subwave 3 where we will have a small retrace. After which we should head down for subwave 5 of wave 5. Good luck yall!
~~Tyler
Seems like forming a bullish flag. I'm in at 34.49This is a long-term investment for me. It seems that a bullish flag is forming after hanging around a significant decline.
Ending Diagnol??Rivian looks like it may be in an ending diagnol. This recent retrace today overlapped wave 1. The only way this makes sense to me is if it is an ending diagnol as that's the only way wave 4 can retrace into wave 1 territory.
It's either that or my count is wrong which is very possible. Time will tell. Let's wait and see what price action tells us this afternoon.
👑💰TEAMWORK MAKES THE DREAMWORK💰👑
~Tyler
RIVN FlagTrading breakout only. If you're trading the consolidation, it broke vwap, so there's that.
Mitigate risk.
---------------------------------------------------------------------------------------------------------------------------------------------------------------- Not Financial Advice NASDAQ:RIVN
Is Sub-wave 3 Almost Over?I haven't quite figured out how to better/best predict timing of pricing points. Something I hope to significantly improve on. Nonetheless timing doesn't change price targets. I believe the S&P is set to decline tomorrow in what I hope is wave C of sub-wave 2 of wave 1. If that's the case I'm almost certain Rivian will make its move down to the $25.71 area.
Either way, I fully believe Rivian will reach my target area. The only question that I have...is when?
👑💰TEAMWORK MAKES THE DREAMWORK💰👑
~Tyler
The Carnage Isn't Over As stated in my last couple posts Rivian was due for a bigbdrop. The big retracement in the markets attributed to the delay on Rivians price dropping IMO. Nonetheless, the drop was coming regardless of what the market has planned.
We are still in our sub-wave 3 of wave 3. $24.5-$25.71 is our target zone before a retrace for sub-wave 4. I'll be able to generate a more reliable target when we finish this sub-wave. As I said before "I AM NOT TRADING RIVIAN YET". When we get closer to the end of wave 3 is where I'll look for an entry to go long in Wave 4. Or I might just wait until wave 5 is done. Depends on what the chart tells us when the time comes.
👑💰TEAMWORK MAKES THE DREAMWORK💰👑
~Tyler
Tomorrow will be uglyThe S&P seems ready to start its final trek down in its Wave 5 tomorrow(hopefully). With it Rivian will, IMHO, head down towards my price box of around $25. There should be a decent pull back for sub-wave 4, if not expect it to extend wave 3. You can see this by looking at the MACD. Good luck!
👑💰TEAMWORK MAKES THE DREAMWORK💰👑
~Tyler
Sub-wave 3 of Wave 3Looks like we've finished sub-wave 2 and are about to make our journey down for sub-wave 3. The third wave is most commonly the strongest and longest lasting wave, and we're about to enter sub-wave 3 of Wave 3...
$25.71-$24.50 are my next price targets. After that Rivian should rally for a sub-wave 4 up to the $26.90-$28.47 area. S&P should bottom tomorrow or Thursday(I hope) at the latest so I'm not sure if or how much that'll affect Rivians targets.
👑💰TEAMWORK MAKES THE DREAMWORK💰👑
Long (but fast) Way to goRivian is obviously still currently in its Wave 3 and has a long way to go. Ideally/normally it will go to AT LEAST the 1.618 Fib line of Wave 1. That price point is $24.99. But Wave 3 is the most common Wave to extend so we will have to wait and see how this plays out. Only time will tell.
Short this stock if you really have to, but with the major markets starting to bottom its getting riskier to trade short. I'm waiting for the bottom to go long myself. So for now, I'll watch from the sidelines.
👑💰TEAMWORK MAKES THE DREAMWORK💰👑
~Tyler
RIVN Bear FlagNASDAQ:RIVN Going to trade the breakout of this.
Which ever direction it goes, I'll catch it.
Mitigate your risk, don't be an idiot.
*Not Financial Advice
