Rivian Automotive
Long
Aggiornato

RIVIAN 40% -50%+ on what could just be a lower high

519
EV has been hated lately. I look for areas of value where sentiment is overly negative.

RIVIAN is showing relative strength to the market today, currently up 3% while the a lot of the market bleeds.

The range forming on RIVIAN has a gap above at $22-$23, I think we fill that.

$15 has been a pivotal level in the last year or so for Rivian and I see that level holding with a bullish inverted head and shoulders.

Again, this is just a range trade with good R &R.
Trade attivo
$15 is clearly a level of interest - still holding.
Nota
At $16.80 in pre-market trading - might be eating steak and lobster soon.

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