Rivian has found support inside April's HL Zone while the 1D RSI flattened. The 1D technical outlook is only slightly bearish (RSI = 42.485, MACD = -1.120, ADX = 38.728) despite being inside a Channel Down since July 27th. Technically it is replicating the January-April correction, which eventually bottomed when the 1D RSI flattened.
We use the 1D MA200 rejection...
Ravian stock is starting to rebound and rise!
This chart shows the weekly candle chart of the Rivian stock since its listing. The top to bottom golden section is superimposed in the figure. As shown in the figure, the recent low point of Rivian stock is supported by the 2.000 level of the golden section in the figure. In the past two weeks, Rivian stock has...
Rivian Automotive is on the 0.5 Fibonacci level, approaching the top of the 2 month Channel Up with the 1D technicals on solid bullish levels (RSI = 61.905, MACD = 0.260, ADX = 28.294). We will short on the first red 1D candle and target the 1D MA50, where we will open a buy again. The target will be R1 (TP = 17.75). The long term trend on RIVN remains bearish...
