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RIVIAN This channel can lead it to $32

Long
BATS:RIVN   Rivian Automotive
Rivian closed the week over the MA50 (1d) and since it held both the MA200 (1d) and Support (1) intact, has most likely invalidated the scenario of Lower Lows.
We may see a 4-6 upward consolidation first as last March-May, before a new yearly High.

Trading Plan:
1. Buy on the opening price.

Targets:
1. 32.00 (Fibonacci Channel 3.0 extension).

Tips:
1. The RSI (1d) crossed over its Falling Resistance. A strong sign of accumulated bullish momentum.

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