TSuth

Rivian Update: 12/12/23

Long
TSuth Updated   
BATS:RIVN   Rivian Automotive
I don't have time to go to far in depth tonight. Suffice to say I believe I was one degree off and we should be headed back up tomorrow. We bounced off my bottom trend line to the cent on the 3min timeframe, raised on pos div so it has been a healthy raise, and the 1Hr MACD has began to curl up and is in need of a reset. These things are just a couple that give me confidence in the count. Tomorrow should hopefully bring some clarity on the matter.

The target area I am watching for us to hit on the next ascent is around the $20-$22 range. Would be awesome to hit that tomorrow but highly doubtful. With the fed meeting you just never know though. Ideally I would like us to hit it by EOW.

Bonam Fortunam,
--Tyler
Comment:
Approaching the trend line
Comment:
Should rally from here
Trade closed manually:
ALL options sold for about a $6K profit!!!
Comment:
One thing I would like to add, don't praise me for calling this bottom. Praise Jesus as I couldn't do it without him!!! 🙏🙏

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Bonam Fortunam,
--Tyler
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