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RIVIAN AUTOMOTIVE INCRIVIAN AUTOMOTIVE INCRIVIAN AUTOMOTIVE INC

RIVIAN AUTOMOTIVE INC

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RIVN trade ideas

RIVN - Time to Back up the Truck?RIVN - as someone who lives on the west coast, I have seen these trucks up close, and I can honestly say they are breathtaking from every angle. But how does that influence price? It doesn't, lol... but if today's low holds, then RIVN is setting up for a potential push higher as outlined in the chart. Today's daily candle closure is a bullish harami combo - which can lower before going higher to confirm a bullish reversal. A daily close over this previous red candle will confirm this bullish intent. Will update this thesis once a path becomes more clear, but the beginnings are there. GLTA!
NASDAQ:RIVNLong
by kstrizzle001
Rivian Update: OML Looks NeededIt looks to me like Rivian needs OML for this wave 2 to be complete. If you notice on the chart we are about to run into an area of high resistance though @ $14.04. The 0.618 fib extension & 0.5 fib retracement both are the EXACT same, this = very high resistance. I will be watching closely but there is a chance I will be buying a decent chunk at this juncture if it appears to struggle getting past it. MACD appears to say another low is coming up, however there is always a chance we go higher from here. With the rest of the market set to fall I doubt it though. Hopefully the market pulls Rivian down right past the $14.04 area and it's a non issue lol. 🤣Wishful thinking I know. I also want to point out that the 1.0 for this a-b micro move down is right in between the 0.618 & 0.786 fib retracement lines. These are both very common end points for this type of move down. This, along with the MACD, helps to give me extra confidence price will ultimately visit my box before rising back up in our 3 of iii. There is a turquoise 1 & 2 marked on the chart in the off chance we have bottomed already and start out green tomorrow. Past $15.07 and I think we've bottomed and are already heading up. In my last post i stated my trading plan. That has not changed, and I will post any and all trades I make tomorrow for Rivian on this post. Good luck, and may God give fortune and have mercy on us all!! Bonam Fortunam, --Tyler
NASDAQ:RIVN
by TSuth
29
Rivian Update: Is Tomorrow the DayRivian always seems to be so volatile. I think i'ts partially due to the fact it doesn't have as large of a group that trades it such as others like AAPL or TSLA. Either way, it appears we have our a-b wave complete for this move down and should make another trek lower to hopefully bottom before we jump in wave 3 of (3). As many of you know I placed a limit order to buy 500 shares @ $14 and price dipped down to $14.02 and then proceeded to jump almost $1. I don't chase prices though, and the fact that it dropped back all the way to $14.50 just goes to show why. We might not fall back down to $14 as I am predicting, but i am willing to have patience and wait it out because that is what my count dictates. If you enter a trade based on your count, it's easier to exit according to your count, as you're not trading with emotion. Tomorrow, based on structure, I will most likely start to layer into this trade around the #13.50-$14 area. Again, this depends on how price moves. Above $15 and I have to start seriously considering we bottomed in 2 already, and an impulsive move above $15.68 confirms we're in 3 of (3). Bonam Fortunam, --Tyler
NASDAQ:RIVN
by TSuth
6
Rivian's Chart Formation and Potential Trading OpportunitiesRivian, the EV manufacturer, has experienced a substantial decline in its share price since IPO. However, despite the challenging market conditions, there are indications of a potential reversal in the form of an inverted head and shoulders chart pattern. In this article, we will examine the current state of Rivian's stock and discuss the considerations for traders looking to capitalize on this pattern. It's important to note that caution and understanding of risk are essential when engaging in any trading activity. Let's dive into the details! Chart Formation Analysis Rivian's stock has endured significant downward pressure, plummeting from over $100 per share to its current value of $14.58. This decline has created an environment where long-term investors, who entered during the company's IPO days, might be seeking an opportunity to exit their positions. However, the emergence of an inverted head and shoulders chart pattern suggests the potential for a bullish reversal. Confirmation and Entry Points It's crucial to exercise patience and wait for confirmation before entering a trade based on the inverted head and shoulders pattern. The pattern is still in its early stages and needs validation to support a potential pivot. To confirm the pattern, traders should observe a daily close above approximately $15.50. This level serves as a critical threshold for confirming the pattern's validity. Timing and Trade Execution While the current market conditions may appear favorable for long-term investment, it's important to exercise caution and avoid premature entry. Waiting for confirmation before entering the trade is generally recommended when dealing with chart patterns. By practicing patience, traders can potentially capture a trade with a potential upside of over 25% or more. It's essential to remain aware of significant resistance levels at around $21 and $30, which may pose challenges to further price appreciation. Risk Management and Stop Loss Before entering any trade, it's crucial to understand and manage the associated risks effectively. Traders should set appropriate stop-loss orders to protect their investment capital. In the case of this trade, trimming positions around the $19.50-$19.75 range could be considered, depending on individual risk tolerance and market conditions.
NASDAQ:RIVNLong
by bitdoctor
Rivian Update: OMH IncomingRivian has never been an easy stock to track. However, everything/everyone eventually reveals their secrets if you watch long enough. I believe we have been in a leading diagonal that started 15 May for our wave 1. As the title implies, I expect OMH before dropping. Neg divergence. would be a nice compliment to indicate this move is indeed over, but it is not required. After that drop we will begin a wave 3 of (3). To state that the move up will be powerful, is an understatement. Technically speaking, wave 2's can retrace up to 99.9% of wave 1 and still be valid. That is not what I expect, and I will be watching structure very closely to know when to buy back in. What I want to see is a 3-wave correction into our target area. The normal retrace wouldn't put us lower than $13.89. Notice I said "normal." I plan on buying back in the vast majority of my shares around the $14 mark depending on where we are at in the structure. If my plan works out, that will be an almost $2K scalp within a span of 1 week or so. By the time this Primary wave ((1)) ends, if price stays on track WITHOUT any extensions, 1000 shares stand to net you over $11K in profits. I still have 200 shares I plan on selling on our next high. In case y'all don't want to do the math, that is almost a 50% PROFIT!!! If you want to know about even more opportunities for profit, check out my Tesla posts, and coming this week, NASDAQ coverage! Hit that FOLLOW button and set your alerts to know when I make my posts! Bonam Fortunam, --Tyler
NASDAQ:RIVN
by TSuth
14
Rivian Update: Wave's End in SightRivian opened nice and strong like I wanted to see. I have drawn a fib for our wave 5 and as you see the 2.0 is all the way up in the low $16 range. This is a very possible end point for this wave ((i)) of (3). That end point would also still fit in the macro count nicely. However, according to the intermediate count we should be ending in the low $15 range. These things being said, I'm going to take the middle road here and say this last leg should end somewhere around $15.50-$16ish. At this time, price still needs to carve out micro-wave's iv & v of 5. Once these retracements have taken place, regardless of fib levels, the count can be considered complete. I will update throughout the day as needed. Until then, let's ride these waves! P.S.--I will most likely be selling the rest of my position around the end of this move up to capture those profits. As always, I will post when/if i place any trades. But your stops should be getting tighter... Bonam Fortunam, --Tyler
NASDAQ:RIVNLong
by TSuth
6
Rivian Update: Wave ((i)) Almost done?Rivian never makes it easy to track. It constantly throws curve balls at you and requires patience. This first wave has been no different. Due to everything that is going on geo-politically, and with the debt limit I plan on exiting my position once it hits in/near my target box to protect my profits. I expect us to be making a retrace for wave ((ii)) around the time everything will come to a head, and I don't want to get caught with my pants around my ankles. If you stay in, make sure you use stops and be on your toes. Problem with this situation is wave 2's can retrace up to 99.9% of wave 1 without invalidating. That means you won't know the news invalidated this count, until you're at a loss, instead of the few thousand you would have been profited. It appears we have one more leg up for wave 5 of ((i)). This should end inside my smaller box but could potentially end anywhere inside the big box. This will most likely happen tomorrow or Friday. Like i said, when it gets up around my box I will either sell out right or set VERY tight stop limits. It honestly will depend on the structure, and my ability to watch it vs. doing my day job lol. I work tomorrow so it'll be hard to update throughout the day. If i sell I will place an update on here. Good luck! Bonam Fortunam, --Tyler
NASDAQ:RIVNLong
by TSuth
3
Sub-dividing vs. Leading DiagonalRivian made a HUGE jump today into my box, which I was completely expecting. However, we then declined pretty hard down to $13.29 which i wasn't. Since then, we have started to move higher again, and it was such a hard drop it reset the MACD on the 15min timeframe and even dropped it pretty good on the 1HR. Looking at this graph it seems apparent to me we are still in a bull cycle. The question is, what is the count? We have had a decent amount of overlapping since our wave 2 bottom on 26 April which is normally a sign of a corrective count. With the strength Rivian showed this morning though, I believe we are in fact in wave 3. To me there are two different possibilities. In black, which is my primary color, shows we are subdividing in this wave 3 indicating we will propel higher very soon. This move would be a VERY strong move because it would be a 3 of (3) of iii of ((i)). Idk if y'all remember, but I have stated several times that wave 3's are THE most powerful 99.9% of the time. My ALT count, labeled in turquoise, shows we are in a leading diagonal in our wave 3. This would mean we still have OMH to make to complete the LD. A trait of LD's is they typically head straight to where they began and quick. This would mean we would expect a swift correction for wave ((ii)) of (3). That wave ((iii))) of (3) though...let's just say that will be a train you wouldn't want to miss. That is where the big money maker is. When we get a little more clarity in the chart I will update again. Until then, let's let price show its rear end....i mean intentions. Bonam Fortunam, --Tyler
NASDAQ:RIVNLong
by TSuth
3
Rivian Update: Where to NextRivian didn't get as big of a jump today as I would have liked. It seemed choppy and slow. On the chart I have my ALT count as well as my primary. I think both counts have an equal chance of coming true. However, for now I will stick with my primary analysis. Given our weakness and the rest of the market set for a retrace starting tomorrow or Friday at the latest, it would not surprise me if the ALT prevails. The chart pretty much speaks for itself, I expect a slight pullback for 2, followed by a STRONG move up for 3 of iii of ((i)). Please ask any questions. I answer with-in 24hrs. Check out my Tesla posts if you have some free time and want to see more opportunities. Hit that FOLLOW button to stay up to date!!! Bonam Fortunam, --Tyler
NASDAQ:RIVNLong
by TSuth
18
Rivian Update: So Far So GoodWe came down and hit $0.05 cents away from the 0.786 fib line of our wave (1), and then started to rise in what appears to be an impulsive fashion. I have drawn a box for our wave (v) of ((i)) of (3). The MACD seems to support the count as well. This being a wave 3, it should raise higher then any other wave during this 5-wave pattern. I would also like to point out on 15 May, we got OML on positive divergence. This gives support to the bottom being in for our wave (2). If my count is correct, and you bought with me, then congratulations is in order! I predict this stock to be almost double what it is at this time by the end of this move up. Also, I don't think we will see these prices again unless something really bad happens to Rivian, or they split their stocks in the future. I will leave the yellow box on the chart until we bounce up from wave ((ii)) and confirm our botom is in. Nothing to do now but await confirmation from price movements. For accountability purposes I currently hold 1000 shares of Rivian @ an avg price of $12.86. Bonam Fortunam, --Tyler
NASDAQ:RIVNLong
by TSuth
15
Rivian Update: Starting Wave 3I posted in an update earlier that i bought 300 shares of Rivian. I think I forgot to post that I made another purchase for 150 shares @ $12.90. If we make another low, I plan on buying another 150 shares. According to the MACD though we are about to embark higher. This will be our wave i of (3) so expect a good liftoff followed by a decent retrace, and then liftoff. I expect by the time we are finished with Wave (3) we should easily be in the low $20's. Wave (5) should end around the $23-$25 range WITHOUT extensions. If you haven't entered. maybe consider your risk tolerance. There is still a chance we break down and fall into the yellow box I have marked with turquoise labels. Thats HIGHLY HIGHLY unlikely though...but not impossible. Bonam fortunam, --Tyler
NASDAQ:RIVNLong
by TSuth
12
Rivian Update: Is that it for B?The only thing I changed about this graph, is I removed the dotted lines showing my prediction for prices path and moved my A & B labels to reflect new price action. The B wave may not have even started yet though to be honest. I would not be surprised one bit if this has all been part of our A wave down. However, we did poke higher to just under the 0.236 fib line and this cannot go ignored. Therefore, I have our B wave labeled on that high until price tells us different. If that was all of A & B, then we can expect Rivian to open down and drop pretty hard over the next few days. If B wave hasn't started or finished, then tomorrow may be a green day for Rivian but it will be short lived. I am still expecting us to drop to the target box of $13.09-$12.45. I have also left the yellow box at the bottom. This is for the VERY unlikely event we haven't in fact bottomed yet. With all the bullish price action and the fact we are coming off of a 5-wave impulsive move, I feel we have already bottomed and will never see price go below $11.68 again! If you haven't already, check out my Tesla posts!! They are on point!! LOL Bonam Fortunam, --Tyler
NASDAQ:RIVNShort
by TSuth
2
Rivian Finished Wave (1)Today Rivian hit the OMH I said it would. It extended out almost to the 2.236 fib line, which was unexpected, but nonetheless...it was OMH just as I called for. From there we dropped down almost to the 0.382 which is a normal retrace spot for A wave retraces. We may have already bottomed in this A wave retrace though as the count looks complete. MACD also looks as if it could afford OML and then move higher for wave B. As I said though, OML is NOT required. We could begin moving up for B wave at any time. That should end around the 0.236 fib line @ $14.67 and then head back down to the 0.618-0.786 area of $13.09-$12.45 for wave C of (2). That is where i plan to load back on up Rivian. I will most likely try to build into a position of around 500 shares for the wave 3 ride up. Let's not get to ahead of ourselves though. Price must yet still prove itself. All this is assuming we have a "normal" retrace. Remember though, we are in a wave 2 so these patterns should be corrective. If at anytime we break out and move impulsively past $15.74 that means we have already bottomed and have begun moving upwards. Once we get a wave (2) end point i can dial in more accurate targets for wave 3 but at this point I am expecting somewhere around $20-$25 dollars. Thats a 40-50% profit!!. Again though, be patient and wait for price to prove its intentions first. Bonam Fortunam, --Tyler
NASDAQ:RIVNShort
by TSuth
Rivian Update: OMH Still PossibleIt never gets old making these graphs and watching price move right into my target zones/fib lines. When you learn how to accurately identify your waves, know what "normally" happens next, then your profits begin to soar. One thing my mentor has CONSTANTLY reminded me of, "structure is the most important thing". Once you have this drilled into your head, remember to check your MACD constantly, and always have an exit strategy in place you're bound for success. All that being said, I made a pretty bold statement that Rivian was headed to $14.50-$15 at a time when it was down 5.4% from the day prior. Don't just take my word for it, look at my post! It was made @ 08:42a.m. and is tagged at the bottom Then it jumped 13.26%!!!!! and it went right into my target box and came .01 cents from my 1.786 fib line. Now, I still expect OMH on negative divergence from Rivian before we move lower for wave (2). I believe the CPI report, and people wanting to collect profits, will be our catalysts for the move lower. Ideally, we should move in a 3-wave pattern down to the 0.382 then up to the 0.236, then down to the 0.618-0.786fib lines of this wave (1) move up. If we have enough price action tomorrow, I will update throughout the day. At our next high i plan on selling some of my Rivian shares. If/when i do this I will post a Trade alert! Please message me or post with any questions you have. I will reply with-in 24hrs. Look at my past posts and allow them to speak for me!! Once you do hit that follow button cause you're going to like what you see! Bonam Fortunam, --Tyler
NASDAQ:RIVN
by TSuth
5
$14.5-$15 Target ZONE!!!If you follow along with me then you know I bought some more Rivian when it was about $12.6. I didn't buy as much as I would have liked because this high wasn't expected. However, given the price movements I took another look at Rivian, and it appears I was one degree off. This means we are almost done with this wave iv and are about to embark higher in our wave v. Marked on the graph is a box for the target of our next wave. After this wave (1) is done we should still head lower to the $12.25ish area for our retrace. As I have said before, the higher this price moves the higher the retracement will be. Be patient if you haven't bought in as another good entry will present itself. Bonam Fortunam, --Tyler
NASDAQ:RIVNLong
by TSuth
4
Rivian Automotive - PUT/SHORT OpportunityLove the design aesthetic of these vehicles, but sales have been slow and the loss per vehicle is staggering. There only hope is being bought out by another company? In order to get to that point, the price needs to drop much lower sub $5.00 for someone to even consider buying them out for their design. Earnings coming up here shortly on Tuesday for this company. Tesla took a huge market share this last quarter, and I don't see how Rivian can even compete at this point. Bullish for Tesla, Bear for Rivian.
NASDAQ:RIVN
by GoldenCrowley
Did Rivian Finally Bottom???I had a follower ask me about Rivian as it has been a while since I have updated you all on its price action. On 26 April, we hit a low of $11.68 and have thus far retraced impulsively with only OMH needed to complete this wave (1). After this wave (1) completes, we should head down for wave (2), which ideally should be a 3-wave pattern into the HKEX:12 - $12.25 area. My ALT count suggests we haven't bottomed yet and this is still wave IV with OML to follow. The ALT endpoint is labeled by a yellow box with the count in turquoise. I went ahead and bought 100 shares today @ market price to start because $0.4 is nothing if my count is right. Once my count gets validated, I will increase my holdings on the wave (2) retrace. If it is wrong, and we take off like a rocket (still right thesis), I would have at least obtained a small position at these prices. If Rivian still hasn't bottomed (ALT count) and we drop for another low... well that's what we use stops for . In which case, I would just buy again at my ALT bottom. Bonam Fortunam, --Tyler
NASDAQ:RIVNLong
by TSuth
2