Rivian Update: So Far So Good

We came down and hit $0.05 cents away from the 0.786 fib line of our wave (1), and then started to rise in what appears to be an impulsive fashion. I have drawn a box for our wave (v) of ((i)) of (3). The MACD seems to support the count as well. This being a wave 3, it should raise higher then any other wave during this 5-wave pattern.

I would also like to point out on 15 May, we got OML on positive divergence. This gives support to the bottom being in for our wave (2). If my count is correct, and you bought with me, then congratulations is in order! I predict this stock to be almost double what it is at this time by the end of this move up. Also, I don't think we will see these prices again unless something really bad happens to Rivian, or they split their stocks in the future.

I will leave the yellow box on the chart until we bounce up from wave ((ii)) and confirm our botom is in.

Nothing to do now but await confirmation from price movements. For accountability purposes I currently hold 1000 shares of Rivian @ an avg price of $12.86.

Bonam Fortunam,
--Tyler

Comment:

Normal retrace area

Comment:

Waiting for breach above $13.54 to confirm this retrace is over