RIVN LIFT OFF!
RIVN forming a close to perfect Head and Shoulders pattern that is quite large, there is also a secondary ascending triangle pattern which is a bullish pattern. Not much resistance all the way up, potential 35% gain.
Trade active
Finally, the neckline has broken! The price has a lot of momentum now and should rocket up, a retest of the neckline will be unlikely but still possible.Trade closed: target reached
wow!! 🤑🤑 RIVN has landed on the moon in premarket today. My target was reached and my position has been closed via limit order at $20.48. On hindsight I should have closed only partial of the position and trial my stops to see how high the remainder can go. But anyway a profit is a profit!! At this rate of momentum this stick could POSSIBLY go higher past the next resistance, we shall see. But I will not be opening new positions at these levels.
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