kstrizzle001

RIVN - Time to Back up the Truck?

Long
NASDAQ:RIVN   Rivian Automotive
RIVN - as someone who lives on the west coast, I have seen these trucks up close, and I can honestly say they are breathtaking from every angle. But how does that influence price? It doesn't, lol... but if today's low holds, then RIVN is setting up for a potential push higher as outlined in the chart. Today's daily candle closure is a bullish harami combo - which can lower before going higher to confirm a bullish reversal. A daily close over this previous red candle will confirm this bullish intent. Will update this thesis once a path becomes more clear, but the beginnings are there. GLTA!

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.