$RIVN Getting ready for a HTF move to $15-$16

2023년 7월 25일

• Global liquidity is trending down
  
• Bearish RSI divergence on SPY and QQQ
• RIVN like practically all EV stocks and Tech stocks are over-extended from MA's
  
• Daily TD 8 Count
  

$27.16 may have been the HOY. If not, I'm expecting for big money to push price up to $28 before we see a steep pullback or reversal. RIVN has not tested the daily 50, 100, or 200 in a long time. The daily 9-EMA has been holding every test recently. Will look for break of the daily 9-EMA for confirmation.

I've dabbled in options. Might look for some December puts and short an equity position for intraday moves.

Remember, we want to lose on the idea, not the execution. Make sure to look for entries near levels you can risk against.

Good luck!

2023년 8월 1일

노트

I've had a change of perspective. We are bullish until RIVN closes below the 9D-EMA and 21-D EMA

2023년 8월 3일

노트

Welp, we indeed got our close below the daily 9 ema. I'm anticipating a move to the $22 area to fill a previously unfilled gap. Good luck everyone!

2023년 8월 20일

노트

So far so good. I don't know that the market will stop at the next gap fill. Rising cost of energy and rising cost of credit can really hurt auto manufacturers, especially RIVN

We could see a very painful stretch of 12-18 months for RIVN long-term holders.

Best of luck!

2023년 9월 6일

노트

Not much has changed but RIVN has arrived at a key inflection point. For thesis to remain in tact, this resistance level must hold.