RIVN has some pretty interesting cards right now. The upcoming launch of the R2 is supposed to be a game changer for the company. But only time will tell if this is really the case.
For now at least one could say that the downtrend since it's (overpriced) IPO seems to be done. So next question would be: Are we going into an accumulation for xx months/year or will we start trending up already?
To be honest, I think it's 50/50 here. Nevertheless, accumulating here doesn't seem like a bad decision. As long as we stay above the yearly open, which we are currently retesting, I don't see any issues here.
Let's see how PA unfolds going forward.
For now at least one could say that the downtrend since it's (overpriced) IPO seems to be done. So next question would be: Are we going into an accumulation for xx months/year or will we start trending up already?
To be honest, I think it's 50/50 here. Nevertheless, accumulating here doesn't seem like a bad decision. As long as we stay above the yearly open, which we are currently retesting, I don't see any issues here.
Let's see how PA unfolds going forward.
Trade active
If current PA remains behaving similar, a move to $20 seems very likely. 
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.