Since the supposed impulse (from what i've thought it was) failed,
this would be the only alternative that i can see on RIVN.
RIP up until the next significant bounce... (Motive wave...)
Electric car manufacturer Rivian Automotive Inc. reported financial results for Q4 2023, according to which the loss per share amounted to 1.36 USD and the company's revenue reached 1.31 billion USD.
Analysts had expected a loss of 1.35 USD per share, which led to a decline in quotes. Rivian expects vehicle deliveries in Q1 2024 to be around 10-15% lower than...
Shares of Rivian Automotive, Inc. ( NASDAQ:RIVN ) rose in premarket trading on Monday after the battering they received last week in the aftermath of the electric vehicle startup's quarterly report.
The stock plummeted by about 38% in the week ended Feb. 23 and closed at a record low after the company announced 2024 deliveries guidance that fell notably below...
RIVN spends more to produce of its nice truck than it sells them for. This is a recipe for a
disaster which is now baking in the oven Earnings have plummeted. If guidance was better
than realities forecast there might be a dip buy here. i have a variety of positions shorting
RIVN when it runs a countertrend correction I will take a hedging long position...
Dear traders,
Id like to share this idea in order to take long positions.
9- 11$ is is a good price range to look for buying opportunities.
Please note that it is already in 10$ quite psicological level it might start consolidating.
Additionally RSI is clearly oversold and prices already went down quite aggressive.
best,
As I said in my last post, we're past standard fibs and have extended to the downside in the micros. As for the larger pattern, the standard end for an ABC is between the 1.0-1.382 with possible extensions down to the 1.618 fib. At this time, I want to make things as simple as possible and concentrate on only the current pattern in front of us, so I have removed...
Rivian Automotive Inc., ( NASDAQ:RIVN ) to cut 10% of its salaried workforce and set production guidance well below Wall Street’s expectations as the maker of electric vehicles grapples with stagnant demand and economic turbulence.
Rivian Automotive Inc., ( NASDAQ:RIVN ) will build 57,000 vehicles this year, roughly in line with its 2023 output, according to a...
Rivian Automotive (RIVN) missed earnings by $0.01 and that is expected to put extreme pressure on the stock price on the short-term. However, are those short-term tensions a buy opportunity in disguise?
Well for the long-term, Rivian remains within our technical model as every significant correction since the start of 2023 has been within the -47% and -48% range....
Today was not a good day for Rivian to say the least. Maybe, looking back with hindsight, I should've seen this coming. We never hit the 1.0 extension @ $13.07 and that is normally a must have for me. Given all the other signals Rivian was given I chose to chalk this up as one of the rare times the 1.0 wouldn't get hit. We had and still do have major positive...
If y'all remember, I had a turquoise micro abc pattern headed up to the box. This was suggesting the move up for C of (A) would be a 3-wave move. The reason for this is because c-waves can consist of either 3 or 5 wave moves. This is the exact pathway I believe price is taking. Due to this, I accumulated another 100 shares today in preparation for the upcoming...
Today was a good day for Rivian as it rose over 5%. If this count is to be the correct one than I anticipate an even stronger move higher either tomorrow or Monday of next week. The reason for this, is I expect MACD to make a new high above the high it made on 09 Feb. in order for the larger count to remain intact. Today on the micro chart MACD made its highest...
If you haven't sold RIVN after the Recall of Its Vehicles Due to Loose Fasteners:
nor reentered the Double Bottom:
Then analyzing the options chain and the chart patterns of RIVN Rivian Automotive prior to the earnings report this week,
I would consider purchasing the 16usd strike price Calls with
an expiration date of 2024-3-1,
for a premium of approximately...
earnings next week, TSLA pumping and Rivian trucks are attractive, they pumping some numbers and they volatile. A break above 17 can pump for a good 13% so this def on my watchlist.
Price didn't give us many answers today. We basically stayed in a range, but we didn't make another low either. MACD is rising back towards the zero line, flashed a buy signal, and the positive divergence has held thus far. Price did make a high on neg div in the micros though. So, a slight red day tomorrow is possible especially given where I feel Tesla is in its...
If y'all remember, Sunday night I posted 3 different possibilities for price to take. The last two days followed my orange count to the T. I also mentioned if we follow orange, I would be buying more shares. Well today I posted in an update that I bought an extra 100 shares and increased my position size by 20%. Where we are in the count, the risk / reward ratio...
As the title suggests MACD is a little contradicting right now. On the micro 3min chart, MACD made a new local low and then turned right around to make a new high. LOL. The low suggests we're headed down again tomorrow to finish out the orange count. The high that happened right after suggests price is headed up tomorrow and that b is already finished. Technically...
