$RIVN - Coiling Tighter Short
Rivian Automotive, Inc.NASDAQ
Description
⋅ Over the past couple of days, RIVN has started forming a symmetrical triangle on the 15 minute chart.
As price coils tighter, the likelihood for an explosive move increases. Will keep this one on the watchlist.
With the sharp selloff among growth stocks into value, it's likely that this name will break to the downside.