98 is just an after hour noise with a fib extention.It should bounce back with multiple extentions done.
RIVN trade ideas
$RIVN Elliott wave I don’t trade based off news events, like earnings, but I was doing the chart and when I finished I didn’t realize earnings come out today. I’m still going to enter my trade, just smaller. I went back and forth on different count set ups… I finally just picked this one as I think it is most consistent with EW rules theory.
Green = overall primary structure I’m looking at as the fib points align with the EW impulse counts upwards. 5 blue waves give us a Green wave “i” up and a retrace wave “ii” down to the .618 fib, which falls into a demand zone.
*Orange = this came from part of a different count, but keeping it in here. I think it supports completion of Green “ii” down as it supports an ending abcde pattern.
I think we are starting Green wave “iii” upwards. Wave 3’s are most powerful. Only “news” I’ll throw into this is it could be a supporting catalyst that with a good earnings outlook, it could really boost the wave 3.
Targets upside are $130; $140; and $150
$RIVNEarnings tonight... recently added to Nasdaq 100, but will they have what it takes to make a move up?
RIVN - cup & handle figure indicating a potential upward movemenRIVN possibly going to break out the resistance level of the cup and handle figure drawn in daily chart. also the ADX is positive indicating strength in the direction and also it has bounced in the 20 MA to the upside
$RIVN Rivian Motors Simple Technical$RIVN Motors Technical Analysis
NOTES:
-Currently at $119/s
-WATCH BREAK at $120
-- IF BREAKS upwards, it will continue to $128
-- IT IS currently testing the $119-120 line
-Moved +$5/s today
-WATCH Earnings report on the 17th this can change tremendously
$RIVN earnings this week!Watch the option flow this week to see if there are any clues on sentiment. The struggle to get over IPO highs has not been good for this name so far. An earnings miss and a drop could affect $F...
RIVIANRSI: Bullish and Oversold
MACD: Bullish Cross and in the floor
VOLUME: avg-high
15 MIN TIMEFRAME WITH NOT MUCH DATA TO WORK WITH, DYOR.
$RIVN short...My analysis is...I think Rivian's valuation is stupid, they might make cool cars, but it took $TSLA forever to get it right with supply chain, distribution etc... $100 puts for any time frame seem undervalued. No position, will watch and chart.
$RIVN Holding its Trading Range Box$RIVN quick shakeout and back into its trading range box. I'm actually surprised this held up. Found support at $100 round number.
RIVN about to test 100 mark Friday auction was very interesting to see on RIVN. We bounced from 128 support level to 140 and price was instantly rejected from this point.
Note how prior 140 support level turned into resistance now. 140 was Monday value are low and also Wed LOD which makes it even more meaningful.
This kind of price action is very bearish and given the fact that FORD canceled further collaboration with RIVN I think we may trade 100 soon.
Minor bounce can occur at around 110 and 98 level.
Disclaimer: I'm not certified financial advisor and this is definitely not financial advice. I'm only sharing my recent opinion about the stock.
RIVN Down to supportRIVN was unable to break through it's 2 week support, no sign of volume either. I'm expecting a trip to $110 in the next week.
RIVN ! Whats Next RIVIAN created local support at 110 and I think we will see 121/ breaking 121 with high volume will lead to 148
Disclaimer: I'm not a financial advisor, this is for educational purposes only.
Rivian USA Sun Storm Investment Trading Desk & NexGen Wealth Management Service Present's: SSITD & NexGen Portfolio of the Week Series
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4th biggest Automaker has just deliverd 154 pickups so far!Rivian Automotive reached a 132 Billion dollar market cap which placed it as the 4th biggest automaker in the world after Tesla, Toyota, and Volkswagen.
However, in premarket, it has passed Volkswagen and it seems today it will be named as 3rd biggest automaker in the world.
It will be as big as General Motors and Ford combined!
The question is how long it will hold this market cap???
I remember last February I talked about the EV sector Bubble!
This bubble will last for a while and then will blast!
So far with 10 billion dar Price volume/day it has enough power to go further, but it will not last very long! and I think we are 1-3 days away from top formation!
In the 1930s, economist John Maynard Keynes said: “Markets can stay irrational longer than you can stay solvent."
Best,
Moshkelgosha
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RIVN - Rivian Automotive, RIVN FALLING WIDGE, 1 HrNASDAQ:RIVN
RVIN shout break out of falling wedge (Green Trend Line) so it can reach the Green Tragets. otherwise it may continue to drop to 96.39 Level. I will watch it for the next week.
DISCLAIMER:
I am not a financial or investment advisor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks,
expressed, or implied herein, are for entertainment purposes only and should not be construed as personal investment advice.
If you decide to invest, please make your own decision, or contact the specialists’ institutions. Thank you
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.
$RIVN Bullish Dragon / ReversalLooking good here for a reversal. Double bottom here with hidden bullish divergence on the RSI and OBV.
Bullish dragon style reversal that would lead into an 886 extension up to complete a bullish Bat at around 135$
TP targets at the 618 and 886 or corresponding candle close high.
RivianRivian
CEO: Robert Scaringe
Location: Florida, USA
Founded in 2009
IPO: 2021 @ 74 USD
Industry: EV
EV is an unsaturated market led by Tesla. That means there is lots of room for growth where multiple winners can shine.
Rivian is attractive because Robert, the founder, has a doctorate in mechanical engineering. He has been able to raise $12 billion from nothing. This money is going to be used to build new manufacturing facilities in the US. Moreover, Rivian is backed by two high-profile giants. Ford held a 13% stake, and Amazon a 20% stake.
Products:
1. R1T (truck) @ 70,000 plus add-ons
2. R1S (SUV) @ 70,000 plus add-ons
Strength
- Founder has a doctorate in mechanical eng. and is a fresh blood
- High quality products
-$12 billion in offering
Weakness
- Start-up
- No sales yet
- Battery production is outsourced
Opportunity
- Biggest IPO ever
- Unsaturated market
- Giants support
Threat
- Huge valuation
- No 10k available for analysis
$RIVN will be $151 by Christmas$1.2T infrastructure bill passing
Their R1S and R1T EV pickup truck deliveries to start Jan 2022
Cybertruck keeps getting delayed and the F150 ligtning is looking more like June 2022.
EV pickup trucks are the next natural evolutionary step in transition to low carbon autonomous driving vehicles…. then comes the Tesla Semi to take over the world.
