Long-Term Outlook: Polestar's Potential on the 3-Day CandlesticLong-Term Outlook PSNY: Polestar's Potential on the 3-Day Candlestick Chart
Looking at the 3-day candlestick chart, we can observe some promising signs for the long term. While the price action may seem gradual, it reflects a steady build-up that could lead to significant growth in the years ahead. For those following Polestar, this chart provides a clearer picture of the broader trends and potential shifts in momentum. As always, patience is key. If the fundamentals align as expected, we could see a strong upward movement by 2026. For now, stay focused on the bigger picture and keep an eye on any key market shifts.
RIVN
PSNY - Adjusting the short-term vision onlyThe stock closed last week with a clear reversal candle, showing weakness in the technical indicators after achieving 95% of the target for the current first wave. We expect the stock to aim for a deep correction in wave 2 or a , and if it holds above the 61% Fibonacci level around the 1.10 - 1.00 area, it will continue its bullish wave in the medium term. In the short term, there is a shift towards a bearish outlook, while positivity remains on the medium-term horizon,
Hence, we see the current rebound as an opportunity to close speculative positions, while maintaining investment positions unchanged.
RIVIAN giving highly accurate signals within this Channel Down.Rivian Automotive (RIVN) couldn't have been giving us more accurate signals since May (see charts below), as not only did we get a timely entry at the bottom (chart 1, May 17) but also sold at the very top (June 26 chart 2) of the Channel Down:
Right now we face a technical similarity with September 2023, exactly 1 year ago, where the price failed to utilize the 1D MA50 (blue trend-line) as Support and started a new long-term Bearish sequence.
However we do realize the potential long-term trend changing effect that a potential new cycle of interest rate cuts might have in two weeks, so again our trading plan will prepare for both scenarios with clear break-out signals and levels.
Obviously as long as the price remains within the 2-year Channel Down, the trend is bearish and the action will be 'sell on every high'. The Sell Signal on the September 2023 fractal was given when the 1D RSI hit the 60.00 level (red arrow, Sep 14 2023). Naturally we will wait for another such trigger to sell and Target 10.55 on the 0.5 Fibonacci retracement level, which is where last year's sell signal bottomed (October 30 2023).
If on the other hand, the price closes a 1W candle above the 1W MA100 (yellow trend-line), we will buy that clear long-term bullish break-out signal and Target 28.00 (just below Resistance 2). This could emerge as a Channel Up pattern.
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RIVN DOUBLE TOP SHORT TO $7.54 AHEAD OF EARNINGS DECLINEThe chart has reached a new short-term high. The RSI on the 2 hour chart is over 70. Perfect short to $12 or lower.
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TSLA basing on its volume profile for a trade LONGTSLA on the highly reliable weekly chart is at the bottom of its volume profile in the lower
part of the high volume area. The TTM Squeeze Indicator ( TTM = Trade the Market John Carter)
has printed a signal for four weeks. The RSI faster and slower lines are near to the 50 level.
The mean relative volatility has steadily decreased and this is in an increasing squeeze state.
This is a setup for a patient trader to take a position in a swing trade. I am looking for a trade
into the upper part of the high volume area and so to the 240-280 range. I will get some shares
as well as a few call options for November (ITM). TSLA will be subjected to a number of
variables making the trade a bit risky including the Musk compensation battle, the China
economy, competition with Chinese EVs in Europe, federal rate actions and the presidential
elections as well as the evolution of self-driving. It is TSLA's volatility that makes it a great
trade. My entry signal here is a TTM indicator going black to white.
LCID Anchored VWAP based swing trade LONGLCID on the 15 minute chart is shown with two sets of anchored VWAP lines overlaid being set
at the pivot low of April 22 and the pivot high of May 6th. LCID completed a trend down today
which began on May 6th. Price has reversed and is breaking up through VWAP band lines on the
chart. The faster green RSI line has crossed over the 50 level in the past trading session. Price
is now about to cross over the longer mean black VWAP line. I am taking a long trade here
targeting 2.88 for 25% of the position, 3.10 for 50% of the position and the reminder for a
runner position to extend for the uppermost band lines. The first two targets are based on the
intermediate VWAP lines as well as the upper and lower boundaries of a standard Fibonacci
retracement. The stop loss will be raised incrementally from its initial setting of
2.74 at the top on the EMA cloud. As the trend down took a few weeks. I am expecting a 2-3
week long trade following a projected trend up.
$RIVN Perfect for Shorting the 2hr High RSI to $12The chart has reached a new short-term high. The RSI on the 2 hour chart is over 70. Perfect short from $16.73 to $12 or lower.
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NASDAQ:RIVN
RIVN Rivian Automotive Options Ahead of EarningsIf you haven`t sold RIVN when they started to recall vehicles due to loose fasteners:
Then analyzing the options chain and the chart patterns of RIVN Rivian Automotive prior to the earnings report this week,
I would consider purchasing the 10usd strike price Calls with
an expiration date of 2025-1-17,
for a premium of approximately $3.05.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Volkswagen AG to invest 5 billion USD in Rivian AutomotiveVolkswagen AG is set to invest 5 billion USD in Rivian Automotive Inc., marking a strategic move to solidify its position in the electric vehicle (EV) market. This investment aims to optimise Volkswagen’s business processes and production efficiency by leveraging Rivian’s expertise in electric vehicle technology.
Despite being regarded as the future of the automotive industry, the electric vehicle sector is facing challenges such as slowing demand. The fact that even industry leaders like Tesla are compelled to implement aggressive price cuts to attract buyers highlights the intense competition and price wars affecting the newer, loss-making entrants like Rivian and Lucid Group Inc. particularly. This landscape poses new challenges for Volkswagen as it seeks to enhance its market stance through this strategic investment.
Examining potential investment opportunities, let’s review the stock chart of Rivian Automotive Inc. (NASDAQ: RIVN) from a technical analysis perspective:
On the Daily (D1) timeframe, Rivian’s stock has broken the resistance level at 12.15 USD, with support now established at 9.85 USD. An uptrend is beginning to form. Should a downtrend initiate, a potential downside target could be 5.50 USD.
If the current uptrend continues and the stock price rebounds off the resistance level, there could be a buying opportunity with a short-term target of 19.50 USD. For those considering a medium-term investment strategy, the stock price might rise to 24.45 USD if the positive momentum persists.
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RIVIAN Time to get bearish despite the VW $5 billion investment?Rivian Automotive (RIVN) reached today as high as $16.35 following Volkswagen's $5 Billion investment and got just shy of our $17.00 long-term target, as we called on our last analysis (May 17, see chart below):
Despite the excellent news, we have to call for caution this time as the technicals come in center stage. As you can see, the prevailing long-term pattern remains a Channel Down since the September 2022 High and unless the 1W MA100 (yellow trend-line) breaks and closes a 1W candle above it, we won't continue buying.
We change now our outlook to medium-term bearish and expect a rounded top to be formed below the 1W MA100 in the next 3 weeks, which we will sell and target the 0.618 Fibonacci Channel level at $13.50. Check also how the 1D RSI sequences between the current and the previous Lower High formation in July 2023 are similar.
Add to the bearish mix the fact that today's rise stopped exactly on the 1W MA50 (red trend-line). In any case, as mentioned, we are only willing to buy after a 1W MA100 break, in which case we will target $28.00 (just below Resistance 2).
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RIVN falls to fair value for swing LONGRIVN is here on a 30 minute chart with VWAP bands and a dual time frame RSI added. Price
fell from the top of the trend up after the last earnings. It is now between the mean
anchored VWAP and the first lower VWAP line which is where the reversal occurred on May 8th.
I will look for an entry long on a lower time frame chart. I am looking for a 1.75 move up
toward the second upper VWAP line in this trade while risking 0.25 making the reward for
the risk taken about 7.
RIVN a trade from deeply undervalued LONGRIVN on a 60 minute chart with set of anchored VWAP lines appears to be finishing a double
bottom at the 8.5 level and making a move higher in a VWAP band breakout potnetially rising
to the mean anchored VWAP and beyond it into the upper bands. I will take a long trage here
with the targets in a textbox on the chart. I am interested in the action of the lesser EV stock
while TSLAs fundamentals are challenged by earnings constraints in the face of downward
pricing and whether discounting will stimulate demand or instead accelerate the path down as
investors may perceive the pricing scheme as a sign of weakness ( or even desperation).
Rivian Joins Pivot Energy to Build Community Solar in IllinoisPivot Energy has partnered with American electric vehicle (EV) manufacturer Rivian ( NASDAQ:RIVN ) to build community solar in Illinois. Rivian ( NASDAQ:RIVN ) will purchase Renewable Energy Certificates (RECs) generated from 50 MWdc of solar and subscribe to 10 MWdc of community solar from Pivot Energy for its Illinois manufacturing facility. This partnership aims to channel clean energy resources into regions poised for new solar development and contribute to local community initiatives. The region of the electric grid where the solar projects will be located is 67% dirtier than the U.S. grid as a whole, meaning that the region emits two-thirds more greenhouse gases from fossil fuels than other areas.
The new community solar projects are expected to generate an average of 79,000 MWh of clean electricity per year, equivalent to powering 10,892 households annually. The two companies will invest $5,000 per MW built in local community organizations, with donations tied to each MW constructed going to support local community-based organizations working to reduce energy burden for low-income families and develop workforce development pathways into the solar industry for local residents and groups working at the intersection of agriculture and energy production.
This partnership serves as a template for how to scale renewable resources to match growing demand from electric vehicle growth. Rivian's decarbonization strategy includes plans to enable 2 gigawatts of renewable energy in support of EV charging, enough to power at least 7 billion miles of renewable driving with R1 vehicles every year. Pivot Energy is committed to accelerating the transition to clean energy and positively impacting local communities.
Technical Outlook
Rivian ( NASDAQ:RIVN ) stock is up 6.47% as of the time of writing trading with a Relative Strength Index (RSI) of 56.04 which is quite stable. The stock has been on a "Falling Wedge" pattern since the 1st Quarter of 2024.
RIVIAN Accumulation before mega rally.Last month (April 18, see chart below), we called for a short-term buy on Rivian Automotive (RIVN) but expected one more pull-back before the absolute bottom:
Since however the price broke above the 1D MA50 (blue trend-line) and closed a 1D candle above it too, we have to revise it and we consider April's low to be the bottom (Lower Lows trend-line) of the 1.5 year Channel Down pattern.
As a result, we expect a short-term Accumulation Phase, similar to May - June 2023, before an aggressive rally towards the top (Lower Highs trend-line) of the pattern. Our target is $17.00 (just below the 0.618 Fibonacci retracement level).
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LCID's vwap bounced after pullback LONGLCID trended up 40% from late June and then over 2-3 days completed a standard
Fib 0.5 retracement before bouncing off a longterm anchored mean VWAP and
reversing. The reversal is supported by the two time frame RSI indicator showing
the lower TF RSI crossing above the higher TF RSI and both of them approaching
the 50 level. The zero lag MACD shows the lines crossed under the histogram and
are now approaching the horizontal zero line. The relative rigor indicator shows
a line cross while the values were negative and now approach to the horizontal
zero line in parallel. Overall I conclude that LCID is set up for a long entry.
LCID rises from falling wedge on news from its rich uncleLCID got news that its rich uncle the Saudi Arabia Wealth Fund will be assisting in the
manufacturing of large body parts moving forward (perhaps on the methodology of TSLA
to just massive molds to efficiently do so and at a far lower cost). Shares pumped today on the
news. Is it sustainable? Is there still time to buy a piece of the move?
On the 120-minute chart, LCID was in a falling wedge or narrowing regression channel and
broke out also on a day when other EV stocks made good moves. The MACD indicator as
well as the dual TF RSI indicator in confirmation both show bullish momentum. The algo echo
indicator ( by LuxAlgo) which looks back in time to find matching price action patterns and
then predicts the near future move, shows a predicted move to 4.05. This is confluent with the
POC line of the volume profile anchored back to November. From November 14 to December 6,
price was range bound in consolidation around the 4.05 level. My call options for 2/16 @ $3.5
did 140% today unrealized. I will add $4.00 for 2/9 expiration and watch for the anticipated
and predicted continuation.
LCID Long Trade Setup VWAP and Falling Wedge BreakoutsLCID on a 30 minute chart showed a falling wedge from mid-December to late January then with
breakout which took it 30% in one and a half days. This was a previous idea. I believe the news
catalyst from Saudi Arabia prompted a burst of trader interest. The following day, the price
began another falling wedge pattern for one week. It then broke out for a 10 % move in a short
time interval.
The chart also demonstrates the bigger moves are centered around VWAP band lines where
trading volume and volatility are the greatest. The relative volume and volatility indicators
help emphasize this point.
At this point, LCID may be turning down into another albeit smaller and lower-duration
falling wedge and is well positioned for a brief short trade. The target would be the
mean anchored VWAP at 3.25. For a better entry selection, a zoom into 3-10 minutes would
be helpful
LCID falling down on weak revenue LONGLCID is in a falling wedge pattern again on the 30 minute chart. Eventually it will break out over
the pattern. It has been in a simlar pattern in the recent past. This is now basically a tall bear
flag in its consolidation portion. While price could go even lower, reversion to the mean says
that it will retrace. The Fib tool suggests 3.35 over an intermediate term. LCID has a rich
uncle in Saudi Arabia and its wealth fund. Most certainly, they will accumulate heavily at this
price level. Shorts will buy to cover once there is a saturation of buying and price action
follows in keeping with Wychoff's theory. The mass index has signaled a reversal. I will dip buy
this like the SA traders and add to the position once some bullish momentum is seen.
$RIVN - Rivian Automotive Weekly ChartLooking at the Weekly Chart it seems likely to hold these prices for a bit and I have a good feeling buying under $10 will be a great long-term hold.
Here in AZ i'm seeing a whole bunch cruising around and honestly they look pretty awesome. Much better than the cybertruck xD.. Anyhow looking at the consistent revenue growth to continue.
RIVIAN Last bounce before the bottom. Be ready to buy.Rivian Automotive (RIVN) has been trading within a Channel Down pattern since the September 15 2022 High. The price action has been below the 1D MA50 (blue trend-line) for more than 3 months (January 11) and with such aggressive selling, the price is approaching the bottom of the pattern.
With the 1D RSI on Higher Lows (Bullish Divergence) we expect a dead-cat-bounce towards the 1D MA50 on the 0.236 Fibonacci Channel level and then structure bottom around 7.80. That will be the time to go heavy on buys and target $17.00 (Fibonacci 0.618, which is where the last Lower High was priced at).
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RIVN reverses to upside LONGIn my previous idea, RIVN was short from the highs. That position was closed today as RIVN
fell below the target. I now based on this idea have a long position. RIVN's move the second
half of today's session was supported by a strong bullish move in the general market from the
federal financial data principally the jobs report.
On the 15-minute chart, RIVN formed a head and shoulders from January 29-31. The previous
trade was from the top of the right shoulder until this morning when RIVN was progressing
through a double bottom which intraday formed a " W" or " reverse cowgirl " pattern.
The bearish ( selling only ) volume profile shows high-volume nodes at 15.8 and 16.0 so
these are my targets. Price is above the POC line of the volume profile which is a bullish bias.
Price is currently near to the level of a standard Fibonacci retracement of the previous
downtrend I will take a long trade with targets as mentioned. The ideal entry is at 15.62
above a bearish high-volume node.
Additionally, I will take a call option striking 16 for February 9th.
As an aside, FSR is presenting a similar chart pattern and set up at a much lower price point .
However, as a penny stock FSR has higher volatilities and may represent a lower probability
overall. A trader may want to take a small position in each and see how they do.
RIVN rises with LCID while FSR fails LONGRIVN popped today while FSR got halted and will be delisted. The 4H chart with BB and a
predictive algo added suggest it has room to 13.25. The indicators are supportive of that
forecast. I will take a long position here with a stop loss under the lower BB line. As to
my FSR put options I will watch them rise until expiration time. No hurry. No worry there.
RIVN's new models and FSR's demise should help for some bullish momentum until RIVN
catches a bit of FSR''s issues.