Why I'm Bullish on RIVN
So the fundamentals on this stock are virtually non-existent and its still an IPO so by all means DD and DYOR.
Also I'm the last person to ask about anything financial related, all I do is code and trade and I don't have a degree in either...
That being said, I've been following this company for a while after one of the hiring managers asked me to apply to their web team.
Since then, I've been following what this company is doing from a vehicle design / engineering perspective and the other intangible things like leadership hires, strategic partnerships, etc.
I've also been following it on the 5 min and my indicator finally threw a good buy signal so I bought :-)
From a TA perspective I think it looks like we are doing a bullish consolidation and I'm optimistic of a bullish break out and continued price discovery.
Beyond TA... When you look at the "supply issues" and the problem other car manufactures are having with getting chips and the fact amazon is producing the chips https://www.thestreet.com/investing/amazon-making-chips-reducing-need-for-broadcom-report-says it seems like a possible match made in heaven assuming investors like Bezos are capable of realizing the possible competitive advantage they have....
Also I'm the last person to ask about anything financial related, all I do is code and trade and I don't have a degree in either...
That being said, I've been following this company for a while after one of the hiring managers asked me to apply to their web team.
Since then, I've been following what this company is doing from a vehicle design / engineering perspective and the other intangible things like leadership hires, strategic partnerships, etc.
I've also been following it on the 5 min and my indicator finally threw a good buy signal so I bought :-)
From a TA perspective I think it looks like we are doing a bullish consolidation and I'm optimistic of a bullish break out and continued price discovery.
Beyond TA... When you look at the "supply issues" and the problem other car manufactures are having with getting chips and the fact amazon is producing the chips https://www.thestreet.com/investing/amazon-making-chips-reducing-need-for-broadcom-report-says it seems like a possible match made in heaven assuming investors like Bezos are capable of realizing the possible competitive advantage they have....
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