Tesla,Lucid, or Rivian..?Tesla is the biggest EV maker,
Lucid is a Luxury EV maker,
And
Rivian makes EV trucks that loses 62% of its range if it tows..! And it did not deliver anything so far..!
They just manufactured 154 pickups so far!
I believe shorting RIVN could be the most profitable in the next few months..!
You can see the most important support (green lines) and resistance (red lines) to watch in the coming days in these charts!
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
RIVN trade ideas
Story of Bubbles!
George Soros:
Stock market bubbles don't grow out of thin air. They have a solid basis in reality, but reality as distorted by a misconception.
I started my article with George Soros's quote and will continue with his great wisdom about bubbles!
I think he was the one who benefitted from stock market bubbles the most! and this happened because of his approach to identifying and trading these bubbles!
George Soros:
“When I see a bubble forming, I rush in to buy, adding fuel to the fire,”
Most people rushed into buying RIVN or LCID because they think this could be the next Tesla, and they did not want to miss this opportunity!
This story is very similar to Workhorse's story in the past 3 years!
I published 14 articles about workhorse between September 8th, 2020, and May 6th, 2021.
7 Bullish articles when the price was between 19.78-28.5, and target price of 40-42!
WKHS reached 42.96 and closed at 41.32 on Feb 4th, 2021, priced made a top formation, and on Feb 11, 2021, I published a Short analysis when the price was 37.21.
My first target price for WKHS short was 20-21 and then modified it to 10-11 and after that 5-4 in my last analysis!
WHKS reached 4.92 and closed at 5.01 after 6 months!
I wrote about this practical example because I want to mention:
1- The Bubble story repeats based on the same or different misconception that seems real!
2- The price Pattern moves Exponentially in both directions, either the inflation phase or the deflation phase!
3-Less experienced investors think prices will always be back at the previous highs or lows, which is not the case in many cases!
4- If you can not distinguish the different phases of a bubble, you will lose a big percentage of your trading capital!
5- Average Volume Price is the best tool to monitor speculative bubbles.
6- I strongly recommend reading about Reflexivity
What Is Reflexivity?
Reflexivity in economics is the theory that a feedback loop exists in which investors' perceptions affect economic fundamentals, which in turn changes investor perception.
Conclusion:
Please review Lucid and Rivian plans for the future!
The Lucid goal is to manufacture 400K cars each year! BUT Casa Grande, AZ, is operational with a production capacity to deliver up to 34,000 vehicles per year.
Rivian: The company says its factory in Illinois has the capacity to produce up to 150,000 vehicles per year. About 65,000 of those should be R1T pickup trucks and SUVs, and about 85,000 should be the company's RCV commercial delivery vans, Rivian said in financial filings.
Delivery so far 154 ..!
If you are looking at these numbers, you easily understand that they even don't have any plan to be the next Tesla..!
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
Reference articles:
www.investopedia.com
$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
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.
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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
DISCLAIMER
I’m not a certified financial planner/advisor nor a certified financial analyst nor an economist nor a CPA or an accountant or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
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.