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RIVIAN AUTOMOTIVE, INCRIVIAN AUTOMOTIVE, INCRIVIAN AUTOMOTIVE, INC

RIVIAN AUTOMOTIVE, INC

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RIVN trade ideas

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). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:RIVN
by TradingShot
3
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.
NASDAQ:RIVNLong
by AwesomeAvani
9
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.
NASDAQ:RIVNLong
by AwesomeAvani
Rivian UpdateToday Rivian fell $0.19 cents below the 0.786 retracement fib and ended $0.01 cent above the 1.382 extension. Thankfully the 1.382 held up at least for now, and the price action we're seeing off of that bottom looks promising. We bottomed on positive divergence, had a strong raise higher thus far (almost 5%), and structure is looking good for that move higher. Breaching the 1.0 @ $11.07 is a good first sign and then a breach of the 0.618 @ $11.63 bodes very well for this move up to be getting started. Should that be the (B) bottom, then we should raise to the 1.0 @ $14.30 at a minimum with the possibility of extending all the way to the 1.618 which is another very common end point for C waves. That means price would be raising anywhere from 36%-64% from the 10.53 bottom. These are the trades I like to take. My stop is $0.49 cents away with a potential upside of $3-$5. With how hard many tickers fell today it would make sense to get a retrace of some magnitude starting tomorrow. Tesla appears to need at least a slight retrace too. That doesn't mean Rivian will rise higher starting tomorrow, but it wouldn't hurt Rivian's price action that's for sure.
NASDAQ:RIVN
by TSuth
8
RIVN inside the channel. AAPL buying RIVN?Why nobody else seeing this? RIVN is inside the channel and testing the bottom of the channel. It happened couple weeks ago, same scenario. It looks like it may retest it again around $9.5 before heading back up. The market cap fell significantly and the RSI remains low so makes me think that we do one more retest of the lower channel and we go back up. Immediate target is around $15. Long term target $50. Remember, not financial advise. Do your own due diligence. Just sharing my idea for RIVN. Last point, could APPLE potentially buy RIVN? Is that why we dropped so much before the big news?
NASDAQ:RIVNLong
by winter_bullish
3
Ravin NASDAQ:RIVN we have two possibilities either it’s an impulsive and we are in wave four of a correction to heads back up or we head down to retracement between 11.54 to 11.19 As of this moment just made his third wave of c back up is the move up it is wave 4 of c and is heading down back into a small box with the blue labeled as five of C if it stopped over there in that ratios, it will heads up then he should be this is wave 4 and will head back up to wave five But to be honest with you, it looks like correction for Wave 4 also, could be wrong and that have completed an ABC wave and will try to head back down
NASDAQ:RIVN
by Alibaba5151
3