Rivian
Rivian Stock RIVN Strength SignalsRivian stock RIVN has rallied 5.87% Wednesday to close at $64.53. The stock has shown some strength recently aiming for the downward trend’s reversal after confirming the formation of both; higher low, and a bottoming reversal pattern.
The stock RIVN could extend its rally hitting 23.60% Fibonacci retracement level that corresponds to the reversal pattern’s minimum target at $80.60 point on the short term.
Trading in the era everyone buy tickets to the Moon..!“Insanity is doing the same thing over and over and expecting different results.” (Albert Einstein)
The importance of Price Pattern Recognition
I do not care if Ark invest buys HOOD and keeps buying more and more!
As you see Hood is 82% lower than its ATH..! A clear downtrend that could go lower. options data in the next 3 months indicate it could go down to 10 or even lower in the next 3 months!
why?
Because it does not profitable and will not be in near future!
Similarities between RIVN and HOOD
-38% in one month
Rivian price pattern is a replica of the HOOD price pattern and so far you see it went down 58% from its ATH and it could go down to 35(-80% from ATH)
On December 9th, I published my analysis about this similarity and it went down 38% since then!
This clearly shows you can do accurate analysis without having lots of data!
I have done an analysis about the price pattern COIN before it became tradeable..!
How?
Reviewing the chart of more than 900 IPOs and opening days in the past 3 years will give you a clue that in 80% of the cases price will go down more than 80% in the next few months after the IPO or the opening date! Some went down more than 95%..!
Amazing story of Madness:
A few days ago, one of my friends shared a link about a reality show star selling her farts in the mason jar for 1000 USD/Jar. It seems she had made 200K so far(in a couple of weeks) and she is ready to release the NFT version as well..!
I remembered the famous Einstein's quote:
“Only two things are infinite, the universe and human stupidity, and I’m not sure about the former.”
You may think this story is irrelevant, but looking at the new investor's behavior in the market, you see it happens on a very larger scale every day, hour, minute..!
YouTube, Twitter, Reddit, and ... etc are full of people that invite you to Moon and Mars, and they usually sugar coat their titles by launching rockets..! and they have hundreds of thousands of followers!
I have a piece of very good news for them and their followers, 2022 will not be 2021, 2020..!
2022 will be the year that the tide goes out and you discover who's been swimming naked in the past 2 years!
6 day has been passed and major indexes closed lower 5 out of 6 and 250 trading days are left..! Most Mooners have already felt the punch of Mr.Market..!
I have a very sincere recommendation to all traders:
Watch one of the greatest movies of all time "12 Angry Men" (1957) IMDB score:9..!
This movie will help you make better decisions in your life and your trading!
I do not want to spoil it..!
Best,
Moshkelgosha
Rivian. Bearish, maybe too bearish. we will see.I am very tough on Rivian in this analysis.
You can plainly see there was an IPO frenzy, and now we are looking for reality. If I am a bull, I am looking at this and thinking: 'maybe I will just wait for someone else to get the buying started'. That is one of the psychological factors that plays into the bear strength. Not doing anything is what the bears want, and at the moment, I would not do anything with this stock.
I know we all look at EV's and thing that each one will run like Tesla, but Tesla is a different animal. Tesla is the new species that dominates the environment, and spreads like wildfire. Other EV's are variations of one aspect of the proto-species, but not better from a market fitness standpoint. My opinion.
Their will come a time when an EV stands on the shoulders of Tesla, but at the moment they appear to be fighting over fragments of a larger whole.
RIVN BULLISHRIVN is a stock that most people now go Bearish on and smart money see this as an opportunity to drive the price up to bring it down I think. If the price goes over 124 I don't think we will see any Bearish moves. I see liquidity from people shorting RIVN and that needs to be filled and take people out of the game before going down.
RIVN is very volatile and you should not spend any money on this stock if you don't know what you are doing.
$RIVN Rivian Motors TA Upcoming Week$RIVN Rivian Motors Technicals for upcoming week.
NOTES:
- Rivian Motors has had ATH @ $180/s last week with a break correction currently at $128
- WATCH RVIN line at $120:
-- IF The lines breaks the stock can have a down-trend towards $95/s range
-- IF There is a bounce, stock will continue up-trend towards $180/s range
--Crucial that you watch that line within the next few days
FUNDEMENTALS:
- We typically only do technical here, but important to know that as of writing this the stock futures are -200pnts currently.
Support & Resistance level for Lucid and Rivian..!Rivian and Lucid have entered the deflationary phase!
I believe Rivian could move toward 95 and cross below this level, and soon we see Lucid below 40!
Review the past few analyses could be interesting:
RIVN:
LCID:
You can see the most important support (green lines) and resistance (red lines) to watch in the coming days in these charts!
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
Lucid Ponzied - Double Topped BlowOff - EV Mania - SellSign of the times. Everything rally has expired weeks ago and morphed into what goes up must go up some more. What used to go up, better go up some more. Not how it works. The US5Y is rippin' with the US10Y. Go small cap gems.
#valueinvesting
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Historic Bi Partisan Justice Reform. $KERN has the compliance DATA.
GL
Welcome to the #metaverse future. Go #bravebrowser
$RIVN Rivian Motors Technical Analysis $RIVN Rivian Motors
Technical Analysis
Although $RIVN has had an IPO in the past few weeks without much data to do a technical analysis, but we are already seeing patterns.
TAKE AWAY:
- Rivian Motors has broken the ATH Resistance line and it now became the support line as shown on the chart.
- The Analysis shows us the stock has massive potential of Up Trend.
- No other Technical Red Flags shown.
- In unlikely scenario the stock will bounce off the NEW support line if there is a correction.
KEEP AN EYE on a small correction to make your market move. But remember it is unlikely the stock will move lower the new support line.
ANY comments appreciated.
ROKU - STRONG CONFLUENCE SUPPORT & AVG $30+ BOUNCE OFF TREND All,
OVERALL (BULLISH 70/30)
I think we break out this wedge down here either now or one more attempt on bottom of wedge and hit 280-293. However, see details below. I am most likely going to hedge downside depending how Mon/Tues go. A breakout Mon-Tues I will just go into maintenance mode and watch it closely.
FUNDAMENTALS
Let's get to fundamnetals first. There are some "doubters" on ROKU. However, they may be right in the future as of NOW in the past quarter financialls and NOW as a company ROKU is very undervalued here reardless of future ROKU beliefs. If you want to be short next quarter for reasons "XYZ" totally get that. Arguing against ROKU after 600% EPS and customers Y/Y drastically increasing it's very obvious ROKU is worth 375+ at a "fair" valuation.
TECHNICAL ANALYSIS
There is a very stong support trend line here that is holding on average acting as support we have $30-$50 moves off of it regardles of what comes after.
MY POSITION(S)
$300 Calls Dec 3rd 2021 @ $3.65
(Will add pending non breakout by Tues) -- Either $265 or $255 PUTS for Dec 3rd 2021 (May want to add some regardless just as protection or even shorter timeframe)
**Remember on options you can close/sell at any time there is a good chance if I get that 293 clean and soon I might just sell there and take a pretty solid profit. Or sell half and see if we can break the downward trend to push 315-330 area.**
BULLISH
PT #1: 285
PT #2: 293
PT #3: 304
PT #4: 330/342 --- "wait and see if we can break downward trend will be 3rdish time so 50/50 it breaks barring any bad/good news. Also approaching Christmas/Black Friday time.
BEARISH
I think the bearish comes from the obvious part of it not being able to re obtain that 376ish level. We are currently above that other previous low of 372. A break under that signls a possible big downside of 240s. The other factor is the overall market/SPY/Holidays/Feds
PT# 1: 267
PT# 2: 255
PT #3: 244
PT #4: 220 (if we somehow got down 220-240 range I will immediately swap to 100% calls and a huge buy in as the stock would be at such a mind blowing discount.
Important Trend Line!Money Makers!
Rivian has finally been launched on the NYSE. This trend line shown will be very important over the next few days, especially when we're able to use options. If it breaks below, that will be one of the first bearish signs and I'm sure there's a lot of bears waiting to take advantage. This project is currently backed by Amazon & Ford. With that being said with the pettiness between Elon and Jeff. I wouldn't be surprised if this project keep moving higher. Tesla is currently 10x Rivians price and I'm sure Jeff wants to catch up but that's just my opinion.
Love it or hate it, hit that thumbs up and share your thoughts!
It's all about Market structure, Area of value, and Entry Trigger.
Don't trade with what you're not willing to lose. Safe Trading Calculate Your Risk/Reward & Collect!
This is not financial advice.
Some Thoughts About The Craziest IPO I've Seen (Rivian)Rivian is worth over $100 billion at the time of this writing. That's a lot of money.
BTW, they don't generate any revenue. Actually in their press releases they write that on any given quarter, they expect to generate $0 – $1 million in revenue. But never over $1 million. No more than $1 million.
From my research and understanding they are the first pre-revenue company to be worth $100 billion.
I get it - EVs are hot. And they are backed by Amazon and some Saudi money. Maybe they have an awesome roadmap. But my goodness, at $100B they basically need to be flawless in execution. It took Tesla some 10+ years to get to where it is and A LOT of controversy.
I have no position and don't plan on having one. It makes no sense to me. So best to stay away. Writing this down just for fun and to see what others think.
The chart I attached above is a 30-minute chart of Rivian since its IPO, which happened this week. Thanks for reading!
Rivian IPO Ponzied - Story Telling FOMO - Show Me Revenues!!Rising rates kill crypto & stonks dreamers. Small cap gems win. For next decade. US10Y on the up. #cannabisreform. Volatility SPIKE - large caps to small cap Quality VALUE gems. Revenue GROWTH matters!! #valuation
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$KERN has the DATA!
RIVIAN is finally here! $RIVN backed buy Amazon and Ford - LIVE!Rivian is an automotive technology company that develops products and services to advance the shift to sustainable mobility. The company creates solutions that redefine traditional automotive economics and remove the pain points of conventional ownership. It also manufactures autonomous electric vehicles intended to offer a comfortable and eco-friendly drive experience. Robert J. Scaringe founded Rivian in Plymouth, Minnesota in 2009.
Amazon currently holds a roughly 22% stake in Rivian. Amazon founder Jeff Bezos showed off his commitment to the company as he prepared to go to space in July; he and fellow astronauts rode to the launch site in a Rivian SUV!