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RIVN Rivian Automotive Options Ahead of EarningsIf you haven`t sold RIVN on the recalls: Or last time ahead of earnings: Then Analyzing the options chain and the chart patterns of UPWK Upwork prior to the earnings report this week, I would consider purchasing the 10usd strike price Calls with an expiration date of 2024-1-19, for a premium of approximately $1.92. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Looking forward to read your opinion about it.
NASDAQ:RIVNLong
by TopgOptions
4
Ford - A Cautious Post-ER Long ScalpFord is one of the richest charts among all of the U.S. equities to chew and savour for an analyst. The reason is, its relevant price action to today spans some 22 years, and we can only see it on the monthly: Notably, $26~ was a curious place for price action to stop and reject 18 months ago, leaving monthly hallmarks of potential targets And looking at the weekly: The rejection was so gappy, closed in ranges not seen on the monthly, but left open ranges not seen on the weekly. And yet in 18 months, the flat bottom formed under $12 is no cause for bullish continuation. "Support" as retail traders are taught to believe in, is made to be broken. Therefore, this chart would absolutely never be a long, in my opinion, except that price action you can only see on the daily has created a set of goalposts. And those goalposts are at the $15.42 level, which formed a perfect double top composing the July high. Before we begin, I want to warn you that trading the markets right now come with significant geopolitical risks surrounding China. The International Rules Based Order is frequently going off about "de-risking" from China, but not "decoupling," and the meaning of this is pretty significant. You should note that the propaganda machine is always targeting "China" but not "The Chinese Communist Party." Don't you think it's strange that despite the CCP's 100 years of murdering significantly more of its own people than Hitler did in general that the global Party doesn't take advantage of the CCP's heinous human rights abuses and totalitarianism to take it down? Instead, they're always going after China, its 5,000 year old culture, and its 1.4 billion pre-Wuhan Pneumonia population? It's because the IRBO wants to take control of China as the CCP falls. They won't take control of it directly, because they're not Chinese, but will install a puppet from Taiwan. And this is where "War With Taiwan" garrling comes from. It's not that Xi Jinping is going to invade Taiwan, but that the IRBO intends to take control of China with Taiwan as a proxy. But Xi can always weaponize the 24 year persecution of Falun Gong, started by former Chairman Jiang Zemin on July 20, 1999, to protect himself and China, because Wall Street and the World Government have been extensively visiting Shanghai (Shanghai Gigafactory what?) to train Marxism. And training Marxism in Shanghai means depositing collateral with the CCP. Xi has never persecuted Falun Gong. Instead, Xi has even protected Falun Gong from the Jiangling thugs in Hong Kong, and that was the real purpose of the National Security Law and the installation of John Lee as Chief Executive. Notable that Lee was banned from attending the San Francisco APEC conference in November by Joe Biden, in that light, wouldn't you say? So, back to trading. Generally, the market makers will not leave this kind of double top in play, because short sellers love to go bigly short under them because "it's strong resistance," before taking new lows. It's noteworthy that Ford is only a ~$50 billion company. Compare that to Tesla and decide which company is over/undervalued. And all of that is just theoretical, but when we combine it with the fact that Friday's earnings were actually pretty good, but Ford dumped, and back into the box that preceeded its breakout, making it a classic breakout-retrace long, we have a trade setup. So here's the idea. Unfortunately, I believe that there is extremely high probabilities that the indexes are topping to end July or to begin August, which I go over here: # SPX - The Sound of a Shattering Iceberg Ford would probably get drug down in a 200+ point SPX correction. That means that while we have significant bullish upside targets, at the $18 and $22 levels, all of the long term price action considered, we probably have to raid the bottom under $10 before Ford can really and truly rally during an index recovery. So what we have is a long from where we are on Friday, +/- $12.80, with a target of $16. This is a pretty nice range to collect. Rather than use a strict price based stop, what I would like to say is that if Ford does not trade up and away from this $13 level within the next two weeks, it would indicate that big money is up to something else, and a long trade is either not valid or too risky to bother with. Conversely, if you're bold and brave, shorts/puts over $15.50 with a target under $10 before 2024 may equal an even better payout and risk reward setup. This trade is something of a coinflip that I only have moderate confidence in. What I have confidence in is that the MMs will not leave $15.50 in tact before they really dump it. I also don't believe they'll leave these perfect flat bottoms in tact before they pump it. So, be careful, and good luck. Plays like this are a lot better than gambling on the latest dumpster fire coin (AMC, SPWR, lol) spread on Marxist messenger Reddit.
NYSE:FLong
by LordWrymouth
SPY - A Dip Is Coming. Maybe Buy It?The question at the top of everyone's minds right now is: have the markets topped? It's the kind of question that allows for a great deal of manipulation as sentiment, emotions, and the P&L column are manipulated violently. Since the markets were wildly bullish last quarter, inside of an overall market that is not bullish, and economic fundamentals that are pretty bad, your guard should certainly be up when you see a new quarter begin and price continue to run rampant. I discuss the parameters of a new quarter in the below post: SPX/ES - An Analysis Of The 'JPM Collar And elaborate my feelings on the Nasdaq here: Nasdaq - The Great Bear Trap Caveat to the above is I now expect the Nas to only do, say, 14,400 and ultimately target the 16,000 figure. You're in an overall market where the US Petrodollar is set to rally, and rally hard: DXY - The US Petrdollar And The "Prigozhin Coup" In Russia Even though the dollar might only do 108. And our good friend the VIX is too low to be sustainable for any kind of bull run, because they love "selling volatility and going away," so things need to be reset. VIX - The 72-Handle Prelude Geopolitically, there are a lot of problems. Specifically with China. Since Secretary of Treasury Yellen visited Beijing to meet with Xi Jinping and other government officials, there has suddenly been a huge posturing of "Taiwan war" rhetoric in the whole international media propaganda apparatus. China is in no condition to try to invade Taiwan after the damage the pandemic has caused for the last three years, however. In my view, what's really going on is the Chinese Communist Party is about to either be forcibly overthrown by "outside forces" (NATO, Washington, the "International Rules Based Order") via Taiwan. Or Xi is about to dump the CCP to defend the motherland, since he and his faction are major Chinese nationalists. Either way, you have to be very careful if you want to go long on dips. Don't full port or anything stupid, and if you want to go bigly long, do yourself a favour and hedge long on something with volatility. Because whatever happens will happen in Beijing time, which happens to be 12 hours ahead of New York time. Meaning whatever happens will be gap down time. And if Xi dumps the Party and weaponizes the 24-year long persecution of Falun Gong by former CCP Chairman Jiang Zemin and its Shanghai (Babylon) toadling faction, the entire world is going to be implicated in the inquest. Because everyone has been going over to the Mainland to dirty themselves with Jiang and the Spectre of Communism in order to get the financial and social benefits they desire. But as long as things stay on course, here's the call. When it comes to SPY, it's hard to argue what is up isn't going to keep going up. If you ask me, the first target has to be the $461 March of 2022 high. But we've been up a lot for a long time, and SPY set its thus-far July low at $437 on only the third trading day of the month, which was a shortened week because of Canada Day and Independence Day to begin with. You can see that something is amiss by looking at the SPX Futures contract against the DXY, which lost 400 pips in roughly 10 days, marking a significant and strange divergence. Another significant tell is in the Dow, which is the weakest of the indexes right now and a leader, where the DIA ETF made a new high (2 cents, hard to see) but the underlying futures contract did not. This may indicate that the alleged bullish momentum from last week is fraudulent, at least in the short term. Possibly the long term. Friday's market action was really bullish on open and then really bearish on close, which likely means we're due for a reversal. We have an entire eight trading days until the next FOMC rate announcement. After July, there's no meeting until September. So what I think we're about to see is to have a proper July low of the month get set. And before the month ends we'll see a bounce, and our bounce will lead to the $463 target being achieved during the first week of August. And so if we have a middling/strugglebus Monday, it's worth considering reducing your long exposure, if you have long exposure. I think the $433 figure is the target because everyone is a Mason in reality and they just love 33 so much. It also doesn't break the June pivot, which aligns with the August of '22 pivot that was already taken out. More importantly, if $463 is achieved, you have to be exceedingly cautious. There's a certain degree of "financial shocks" that are arranged for Q4 and Q1, 2, and maybe even 3 of 2024 that you will find exceptionally difficult to endure. So make sure you make up for any regrets you have with your friends and family, as soon as possible. Make sure you stand on the right side of history when it comes to humanity's future and the CCP and its Marxist-Leninist junk. Money, fame, power, and sex aren't worth selling your soul for.
AMEX:SPYLong
by LordWrymouth
3
Rivian 'Dead Cat Bounce' Over?I have been getting a lot of questions from followers about NASDAQ:RIVN in recent weeks. One of the favorites of the 2021 EV stock craze the share price has done not performed well since the IPO. This recent very bullish move has gotten a lot of attention but I think it has come to an end. Price Action Like most of my setups I am looking at RIVN hitting a major 50% Retracement this one being from the downtrend starting in September 2022 through April 2023. That Resistance at 26.71 was hit yesterday and today's price action shows reluctance to test and break it. I have been looking for a pullback to this bull trend to its own 50% Retracement at around ~20 and it may be upon us. The Trade Earnings are coming up on August 8th. That sets up a nice window for monthly options of the August 18th expiration. Since 20 is the approximate pullback level it also makes for a proper strike. That means Aug23 20 Puts will be the choice to express the trade. If price breaks the recent high I may look to cut them as they should maintain their premium with earnings getting closer. I also do not typically hold through earnings but rather try to close the day before to avoid the 50/50 probability of the binary event. The Narrative I still see the occasional Rivian on the road but as of late I have become a Tesla Maxi. Tesla had record production and delivery for Q2 2023 but every other EV manufacturer is struggling according to recent reports. The market as a whole has enjoyed an optimistic bull run since March and is due for a pullback.
NASDAQ:RIVNShort
by norok
11
Ravian stock is starting to rebound and rise!Ravian stock is starting to rebound and rise! This chart shows the weekly candle chart of the Rivian stock since its listing. The top to bottom golden section is superimposed in the figure. As shown in the figure, the recent low point of Rivian stock is supported by the 2.000 level of the golden section in the figure. In the past two weeks, Rivian stock has shown a bullish start! So in the future, the probability of the Rivian stock rebounding upwards to the 1.618 and 1.382 positions in the golden section shown in the figure, after a long rest, and then choosing a direction to break through!
NASDAQ:RIVN
by Think_More
RIVIAN: Buy the next pull backRivian Automotive is on the 0.5 Fibonacci level, approaching the top of the 2 month Channel Up with the 1D technicals on solid bullish levels (RSI = 61.905, MACD = 0.260, ADX = 28.294). We will short on the first red 1D candle and target the 1D MA50, where we will open a buy again. The target will be R1 (TP = 17.75). The long term trend on RIVN remains bearish though, we want to see a steady close above the 1D MA200 to buy this for the long term. Noticeably the RSI has been on a Bullish Divergence since the start of the year. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
NASDAQ:RIVN
by InvestingScope
2
RIVN - A competitor for Tesla?Rivian Automotive (RIVN) stock has recently hit a new 52-week low due to various factors, making it a highly volatile investment. The company's lower-than-expected production output in 2023, cash burn rate, and intensifying EV truck market competition have contributed to this decline. RIVN's Q1'23 deliveries beat estimates, but its 9.39K quarterly production remains unimpressive compared to the 50K annual guidance for FY2023. Furthermore, the company's cash burn rate is unsustainable, with a reliance on debt and capital raises until it achieves positive cash flow. Increased competition in the EV truck market is also a concern, with Ford and General Motors reporting success in their respective segments. Rivian's R1T has garnered positive reviews, but its price is significantly higher than competitors' base models. The stock remains suitable for investors with higher risk tolerances and a long-term investing trajectory. Despite recent recovery, RIVN's uncertain outlook combined with the macroeconomic environment makes the stock very unattractive. From a technical perspective, we may see a move to the upside that reaches the pink area marked on the chart between $17 and $18 but the higher probability move is a continuation to the downside, either from here or from the target area. We will keep you updated on any changes we see on the chart. In the meantime, please trade with care and stay safe!
NASDAQ:RIVNShort
by financialflagship
RIVN Rivian Recalls Its Vehicles Due to Loose FastenersRivian Recalls its Vehicles Due to Loose Fasteners improperly that could cause excess wheel tilt and a potential loss of steering control. Buying a car from a new producer that doesn`t have experience in the market like the traditional ones, comes with a lot of risk involved, like the one mentioned above. I haven`t heard F Ford Motor Company, of which i`m bullish btw, to have such issues. I expect a retracement to at least $26.50. Looking forward to read your opinion about it.
NASDAQ:RIVNShort
by TopgOptions
1
Last Chance to Buy Rivian Before Major Bull RunThis is a daily chart of EV manufacturer Rivian Automotive ( RIVN ). Price continues to consolidate as the moving averages converge. On the right-hand side is the indicator called the Visible Range Volume Profile (VRVP). This indicator provides a vertical histogram of volume. The volume bars help identify the price ranges where most volume has occurred, which helps traders identify areas of support and resistance. The indicator provides a red line to show the exact price level with the greatest trading volume and therefore the strongest point of support or resistance. When price comes down, as in the case of Rivian, and then forms a red line on the VRVP, it often becomes an important support level. An extremely bullish perspective might even go so far as to surmise that this area of support is the bottom for Rivian and that a major bull run is about to unfold with this red line as its support area. From a Wyckoff analysis, one might conclude that accumulation is occurring. According to that analysis, price can retest the low right before the breakout phase. Also, note Rivian's outperformance in the month of June. Even as inflation and commodities were soaring, major indices were gapping down, and the Fed was accelerating hiking rates, Rivian continued to consolidate, trading in a tight range and making higher lows (see below chart). Rivian's outperformance of the broader index, after such a prolonged decline, is probably an early sign of a trend reversal and likely reflects that smart money is accumulating. A good chartist would know that inflation is cooling because commodities are now being resisted by the lines that once supported their upward trend. Necessarily, aggressive interest rate hike expectations will soon cool, too. The market is always forward-looking. By the time the Fed says that inflation is cooling and makes a pivot to being less aggressive, smart money will already be fully in the market. Therefore, there is high confidence that Rivian may soon break out to the upside (probably in July). Don't let a temporary oscillation to the downside fool you. Nonetheless, as always, have your stop losses in place as the market can act irrationally longer than you can stay solvent. Never be unwilling to accept that you're wrong. Trading isn't about being right, it's about preserving and growing capital.
NASDAQ:RIVNLong
by SpyMasterTrades
15
Tesla Postpones Descent Below $500 | Digital Surf TradingThe supreme Tesla giant has postponed its tremendous descent below $500 as the previously anticipated Extended Flat has turned out to be a Running Flat correction instead. With a level of concrete support established in the $700 range, the EV leader is now due for a new all-time high in its Wave 5 move which should allow Bulls to reach between $1700 and $2300 by Summer/Fall 2023. The science of price action lets us know that after a 5 wave move completes, a 3 wave correction is to follow. For Tesla, this means that its postponed downswing should see the levels of $170 at most and a mind-boggling $35 at the least -- within the next 3-4 years. I believe there is decent chance that Tesla turns into the next greatest bubble stock. The alternative being that its price will reach beyond $100,000/share during the 2030s, which I'm just super doubtful about. I have no position with or against this stock so I share this with 0 bias and am simply looking forward to see how the price action develops.
NASDAQ:TSLA
by DigitalSurfTrading
10
RIVIAN About to break its 3 month Channel upwardsBack in May we called for a short-term buy on Rivian (RIVN) but warned investors not to get overexcited: This time however we find quite a few reasons to be excited as following the break above its Falling Wedge, the stock formed a Channel Up that is about to break upwards on today's strong rise. Within this Channel, the price also succeeded in breaking above both the 1D MA50 (blue trend-line) and the 1D MA100 (green trend-line) and in fact a Bullish Cross between the two is emerging. The 1W RSI has been steadily rising from its previous oversold state and is now above the 40.00 mark, so if the price breaks above the Channel Up, we expect RIVN to aim for the 56.90 March 30 High, which is the current Resistance. A break above that level, which happens to be on the 0.236 Fibonacci retracement level form the market Top, would constitute a long-term trend shift to bullish. -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
NASDAQ:RIVNLong
by TradingShot
2
RIVIAN is short-term bullish but don't get overexcited.Rivian Automotive (RIVN) is (for the time being) on a green 1D candle, the first after 5 straight bearish days. Its 1D RSI has rebounded from its massively oversold levels, the same levels that previously caused price increases of roughly +42% and +69% (Jan 27 and March 14). The rebound on the first sequence hit the 0.5 Fibonacci retracement level while the second hit the 0.618 Fib. Right now those levels are at $38.22 and $42.63. However those aren't just above the Falling Wedge pattern that has directed the trend since mid-February, but also above the 1D MA50 (blue trend-line) which hasn't allowed any 1D candle closing above it and in fact had a strong rejection on March 30, which is the current Resistance and formed the last Lower High of the Falling Wedge. As a result, we are setting lower targets on this expected short-term rebound. A new +69% rise puts our Target at $33.00, which is a level where the price may make contact with the 1D MA50. On the long-term, the trend remains bearish, especially within the Falling Wedge, unless the price breaks above the last Lower High and 56.90 Resistance, which is where the 1D MA100 (green trend-line) currently is. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
NASDAQ:RIVNLong
by TradingShot
1
$RIVN Rivian Oversold - Lockup Expiry Sell-Off$RIVN Rivian Oversold - Lockup Expiry Sell-Off This $20-$22 range looks like an attractive risk-reward scenario in my opinion. Insider/early investor lockup period expired earlier this week, driving the large sell volume yesterday. Big earnings call tomorrow reporting on a quarter where deliveries were ramping up - expecting a positive market reaction. For comparison, Rivian's market cap now sits around $19B vs Tesla market cap over $800B. Obviously Tesla is years ahead of Rivian and has the sales and profit to back up a beefier valuation. But if Rivian grows to be even a quarter of the company Tesla is, long term there is major upside here in my opinion. Near term price target: $32-$36 range by late May Medium term price target: $50+ possible by mid June Note: This is NOT investment advice. Opinion only.
NASDAQ:RIVNLong
by Triple_Barrel_Capital
RIVN: Deep Value PlayOkay, this one is a bit different than my normal charts. Rivian Automotive only started trading late November of last year so there's not enough historical data to draw from to give a complete picture. However, RIVN is a high-profile startup in a hot industry with motivated billionaires backing it. It wants to be TSLA, but you wouldn't know it based on the 50% price discount from its IPO. Despite it's gloomy performance--or perhaps *because* of it--it's actually looking like an attractive buy at these prices. It appears to be in my buy zone, and there's bullish divergence, but there's not enough data to show me where the momentum/pressure is. I think this is a great value play for a long-term investor. Good Luck ---------------------------------------------------------------- These are my personal views and not financial advice. Please do your own research before investing. I'd love to hear your thoughts, ideas and feedback. Feel free to Comment and I'll try and get back to you quickly. If you appreciated this analysis, consider Liking or Following . Thanks!
NASDAQ:RIVNLong
by mercury_rising
2