RIVN Multiyear Breakout

RIVN is showing signs of breaking out of a nice multi-year base, consolidating over the last couple years and starting to curl out of it. RIVN has the TA to support the move, as you can see on the chart, the years of consolidation currently highlight a TTM squeeze on all three timeframes, D/W/M, something that doesn't occur often but absolutely suggests a big move of some kind. Directionally, there is a lot to support for it to go up, given real world catalysts on the horizon with the launch of the R2 in 1H of 2026 at a competitive price point, while RIVN seems to have found success with their software revenue gains over the last 6 quarters. RIVN still needs to bring costs down, but with their first positive gross margin quarter this year, we could finally be seeing the coalition of things needed to send this into the 20s and higher.