On the right side, you see Workhorse and Arrival, two EV makers (with commercial purposes) that lost 92-93% of their value in the past trading year! On the left side, you see Rivian which lost 71% of its value in the past 70 days..! I think there is a high chance Rivian go down to 15(-90% from its top) in a year or so..! current price is 60 which means you may...
On December 20, 2021, I published one article and discussed shorting Rivian could be the most profitable in comparison to shorting Tesla or Lucid..! As you can see in the one month, RIVN is -26.49%..! While Tesla is up 8.74 and Lucid is up 1.6%. I always said there are opportunities in any market if you are keen to find them, your trading mindset should be...
I would wait for under 20.36 to go short. ................................................
November 16th, 2021: I think we are 1-3 days away from top formation! November 17th, 2021: Game Over! December 5th, 2021: Stock market bubbles don't grow out of thin air. They have a solid basis in reality, but reality as distorted by a misconception. December 9th, 2021: I think the RIVN chart pattern is very similar to HOOD and it could follow the very ae...
Trade Breakdown: 1. Buy at current price with stops below $92. 2. 1st PT at $106 & 2nd PT at $108. Good luck!
Entered trade as SLI came through the previous week's high after a two month pullback to the 100-day line and experiencing volatility contraction over the last couple of weeks of trading. My stop loss is under Thursday's low. If the Electric Vehicle trade stays hot, the lithium stocks, such as SLI, should continue to rise with the E.V. stocks.
Tesla is the biggest EV maker, Lucid is a Luxury EV maker, And Rivian makes EV trucks that loses 62% of its range if it tows..! And it did not deliver anything so far..! They just manufactured 154 pickups so far! I believe shorting RIVN could be the most profitable in the next few months..! You can see the most important support (green lines) and resistance (red...
After an eventful 2021, with EV manufacturer speculation at record highs despite recent deflation, the three most visible independent EV charging station stocks (CHPT, BLNK, VLTA) have had a mostly volatile year with a downward bias after the beginning of the year. Although valuations can still be considered rich given the YTD performance of these three companies...
I don’t trade based off news events, like earnings, but I was doing the chart and when I finished I didn’t realize earnings come out today. I’m still going to enter my trade, just smaller. I went back and forth on different count set ups… I finally just picked this one as I think it is most consistent with EW rules theory. Green = overall primary structure I’m...
Earnings tonight... recently added to Nasdaq 100, but will they have what it takes to make a move up?
RIVN possibly going to break out the resistance level of the cup and handle figure drawn in daily chart. also the ADX is positive indicating strength in the direction and also it has bounced in the 20 MA to the upside
$RIVN Motors Technical Analysis NOTES: -Currently at $119/s -WATCH BREAK at $120 -- IF BREAKS upwards, it will continue to $128 -- IT IS currently testing the $119-120 line -Moved +$5/s today -WATCH Earnings report on the 17th this can change tremendously
Watch the option flow this week to see if there are any clues on sentiment. The struggle to get over IPO highs has not been good for this name so far. An earnings miss and a drop could affect $F...
All, Pretty easy to see why you would be bullish here. Few things need to happen. 1) full candle break watch for a gap etc 2) needs to break horizontal SR at 81.50s (full candle above) 3) market needs to hold this in here if it were to somehow lose these yellow levels would be big downside imo. Add alerts and keep this on a short timeline maybe literally one more day.
Rivian Automotive reached a 132 Billion dollar market cap which placed it as the 4th biggest automaker in the world after Tesla, Toyota, and Volkswagen. However, in premarket, it has passed Volkswagen and it seems today it will be named as 3rd biggest automaker in the world. It will be as big as General Motors and Ford combined! The question is how long it will...
All, Yes, given the nature of the world this is a stretch, however throw away news and say its priced in. Follow me, right angled or any broadening descending wedge usually bullish aka oversold yadda yadda. One of the most powerful patterns out there by a long shot. Anyways of course they have large dips similar to what we see now. Why this pattern? Notice...
RIVN is a stock that most people now go Bearish on and smart money see this as an opportunity to drive the price up to bring it down I think. If the price goes over 124 I don't think we will see any Bearish moves. I see liquidity from people shorting RIVN and that needs to be filled and take people out of the game before going down. RIVN is very volatile and you...
$1.2T infrastructure bill passing Their R1S and R1T EV pickup truck deliveries to start Jan 2022 Cybertruck keeps getting delayed and the F150 ligtning is looking more like June 2022. EV pickup trucks are the next natural evolutionary step in transition to low carbon autonomous driving vehicles…. then comes the Tesla Semi to take over the world.