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RIVN trade ideas

Rivian UpdateToday Rivian fell $0.19 cents below the 0.786 retracement fib and ended $0.01 cent above the 1.382 extension. Thankfully the 1.382 held up at least for now, and the price action we're seeing off of that bottom looks promising. We bottomed on positive divergence, had a strong raise higher thus far (almost 5%), and structure is looking good for that move higher. Breaching the 1.0 @ $11.07 is a good first sign and then a breach of the 0.618 @ $11.63 bodes very well for this move up to be getting started. Should that be the (B) bottom, then we should raise to the 1.0 @ $14.30 at a minimum with the possibility of extending all the way to the 1.618 which is another very common end point for C waves. That means price would be raising anywhere from 36%-64% from the 10.53 bottom. These are the trades I like to take. My stop is $0.49 cents away with a potential upside of $3-$5. With how hard many tickers fell today it would make sense to get a retrace of some magnitude starting tomorrow. Tesla appears to need at least a slight retrace too. That doesn't mean Rivian will rise higher starting tomorrow, but it wouldn't hurt Rivian's price action that's for sure.
NASDAQ:RIVN
by TSuth
8
RIVN inside the channel. AAPL buying RIVN?Why nobody else seeing this? RIVN is inside the channel and testing the bottom of the channel. It happened couple weeks ago, same scenario. It looks like it may retest it again around $9.5 before heading back up. The market cap fell significantly and the RSI remains low so makes me think that we do one more retest of the lower channel and we go back up. Immediate target is around $15. Long term target $50. Remember, not financial advise. Do your own due diligence. Just sharing my idea for RIVN. Last point, could APPLE potentially buy RIVN? Is that why we dropped so much before the big news?
NASDAQ:RIVNLong
by winter_bullish
3
Ravin NASDAQ:RIVN we have two possibilities either it’s an impulsive and we are in wave four of a correction to heads back up or we head down to retracement between 11.54 to 11.19 As of this moment just made his third wave of c back up is the move up it is wave 4 of c and is heading down back into a small box with the blue labeled as five of C if it stopped over there in that ratios, it will heads up then he should be this is wave 4 and will head back up to wave five But to be honest with you, it looks like correction for Wave 4 also, could be wrong and that have completed an ABC wave and will try to head back down
NASDAQ:RIVN
by Alibaba5151
3
Rivian Introduces Affordable R2 SUV and R3 CrossoversRivian ( NASDAQ:RIVN ), the innovative electric vehicle (EV) maker, unveils its latest offerings - the smaller and more affordable "R2" SUVs and "R3" crossovers, signaling a strategic shift in response to changing market dynamics within the EV industry. Key Highlights: - Rivian's ( NASDAQ:RIVN ) introduction of the R2 SUVs, priced at $45,000, aims to address the slowdown in EV demand exacerbated by high interest rates. - The decision to produce the R2 at Rivian's existing facility in Illinois reflects a strategic pivot to ensure timely deliveries by 2026 while reducing capital expenditure and mitigating launch risks. - Rivian anticipates saving over $2.25 billion through this decision, reaffirming its commitment to fiscal prudence and operational efficiency. - The R2, a five-seater variant offering over 300 miles of range, is poised to play a pivotal role in Rivian's success amidst intensifying competition in the EV market. Challenges and Opportunities: Rivian ( NASDAQ:RIVN ) acknowledges the hurdles in ramping up production and stimulating demand beyond early adopters, particularly in the SUV and pickup segment. The unveiling of the R3 crossover and its more potent variant, R3X, underscores Rivian's proactive approach to diversifying its product lineup and appealing to a broader customer base. With SUVs and crossovers gaining traction in the U.S., Rivian's strategic focus on affordability and versatility positions it to capitalize on evolving consumer preferences and foster widespread EV adoption. Future Outlook: Rivian's foray into the mid-priced EV market signifies a pivotal moment in its growth trajectory, signaling its commitment to democratizing electric mobility. As Rivian ( NASDAQ:RIVN ) navigates the complexities of production scalability and market penetration, its ability to offer compelling EV solutions at scale will be instrumental in reshaping the automotive landscape. Conclusion: Rivian's ( NASDAQ:RIVN ) unveiling of the R2 SUVs and R3 crossovers marks a significant milestone in its quest to redefine the EV market. By prioritizing affordability, adaptability, and innovation, Rivian ( NASDAQ:RIVN ) demonstrates its unwavering commitment to driving sustainable mobility and shaping the future of transportation.
NASDAQ:RIVNLong
by DEXWireNews