RIVN good and bad news. Good is that we made a higher high on the weekly MAC, bad news is that it’s back in the wedge and will not see a support until about $10.59-10.20 range on the bottom trend line.
RIVN Might see a surprise stock push to $28-30 but the business numbers will ultimately decide if that price is sustaining those levels or not. Potentially ranging from $18-$31 for the next 2-3 years..
TSLARIVN ➖ "Rivian beat Wall Street's fourth-quarter earnings expectations and achieved its first gross quarterly profit but is forecasting lower sales", lets see how this rubs off on tesla.
RIVN I think achieving gross profit overshadows murky guidance. This company was burning so much cash for years (still is losing money) until now. It could have its Tesla moment in the near future congrats longs