BATS:RIVN Rivian Automotive, Inc.
RIVN - this looks like the perfect long going into earnings. Looking at the chart, Rivian tends to rip with very volatile moves up (and down). Looks to have bottomed based on the chart. Significant volume on 2/8 with a bullish engulfing candle. MACD cross confirmed as well. The last two times the chart appeared to bottom with MACD crosses we have seen 100%+ and 45%+ gains in a fairly short timeframe. Currently have mapped around a 30% gain from closing price on Friday. I am optimistic and added a small starter position on Friday, 2/9. I will keep averaging in up until earnings.