TSLA on the daily chart descended from a triple top Summer '22 into a downturn which reversed after earnings in late January. Since then with the usual waves of up action and retracement it has risen into its current range also going through a cup and handle pattern from early April into late May. On the chart with the volume profile and anchored...
LCID looks heavily oversold and the options open interest delta is saying so too. I live in a big city and for the past weeks have been seeing their vehicles around. I remember in may 2022 I started seeing RIVN trucks around and the stock had a small push from $19 - $40. Think a bull can actually drive?
Most people invest their money in these 3 companies, NIO, LUCID, Rivian, or all of them because they had missed the opportunity to participate in the inflationary phase of the Tesla Bubble..! Unfortunately, now the deflationary phase of the bubble overlap, and they are coming down on the latitude mode..! People who invested in these stocks have lost more than...
As I said in my previous call on Tesla, which was rather successful, I'm not a big fan of Elon Musk. Tesla TSLA - The Bottom Is In, But It's Still Bearish Especially as the post-Twitter acquisition has unfolded, I feel Musk rode the wave he could to do his "Twitter Files" thing and clawback some rightists/Conservatives that were alienated under the former...
falling cycle -40.25% more than 10 days. ================================================================================================================================================================== This data is analyzed by robots. Analyze historical trends based on The Adam Theory of Markets (20 moving averages/60 moving averages/120 moving averages/240...
Rivian Automotive (RIVN) stock has recently hit a new 52-week low due to various factors, making it a highly volatile investment. The company's lower-than-expected production output in 2023, cash burn rate, and intensifying EV truck market competition have contributed to this decline. RIVN's Q1'23 deliveries beat estimates, but its 9.39K quarterly production...
Double bottom possibility. I HAVE seen more and more of their trucks. And I won't lie = they are nice. Better than TSLA's...... ;) ;) ;). #rightnow... ?
after the recent trendline break, I believe we could see this stock pushing further down into new territory. looking for a retest before entering a short position.
SPY gapping below PD open, putting any Friday longs underwater. I think it tests the convergence of the balance are top and the descending trendline around 400 - 401.50. From there, look to see if pops are sold are if they hold, that will tell if we had enough fuel to continue higher or if we need a larger flush out before approaching the 410 area. BIDU -...
TSLA has had a long down trend from macro factors including China , a recession as well as a unique situation tying it to Twitter and Musk liquidating large blocks of stock. From the technical side of things a recent triple bottom has evolved to a flat top triangle pattern. Both of these are bullish suggesting a reversal is real. The setup is for a breakout...
Default target atm is the 618 Two possible timeframes depending on the momentum. I think the '24 time target makes more sense After it bottoms around ~11.6, and makes its first high, we'll get a better reading.
Rivian Automotive, Inc. engages in the design, development, and manufacture of category-defining electric vehicles and accessories. The company was founded by Robert J. Scaringe in June 2009 and is headquartered in Irvine, CA.
RIVN seems to in a corrective wave down, possibly a wave C of a double three. Could revisit prior lows for support. Am looking here to see if it breaks this level or bounces off.
Rivian Recalls its Vehicles Due to Loose Fasteners improperly that could cause excess wheel tilt and a potential loss of steering control. Buying a car from a new producer that doesn`t have experience in the market like the traditional ones, comes with a lot of risk involved, like the one mentioned above. I haven`t heard F Ford Motor Company, of which i`m bullish...
Another daily wolfe wave setup was triggered post midterms. The chart for RIVN is closing in on the 200 day ma which will act as short term resistance. Typically the first attempt usually rejects which will be approx at 37.4. Mid term tgt is estimated at $54 May 2023. With tax losses and Christmas rally into end of year, we should see most of the small caps...
If you haven`t sold RIVN Rivian after the bad news: Then looking at the RIVN Rivian Automotive options chain ahead of earnings, i would buy the $30 strike price Puts with 2023-6-16 expiration date for about $6.60 premium. If the options turn out to be profitable Before the earnings release, i would sell at least 50%. Looking forward to read your opinion about it.
The implosion of crypto markets impacts all other non-sensical trading and investment ideas. Not to say that some business models are faulty, but many are, shall we say, trading at rather inflated levels. RIVN is a case in point. It found a lifeline in early October when 30.72 (RED) provided a nice bounce, but after today, we see that it is now a distant memory....