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RIVN - Building nice multiple bottoms pattern

Long
Rivian Automotive (NASDAQ:RIVN)  
CheelooTrader  
NASDAQ:RIVN   Rivian Automotive
Chart Patterns Double Top or Bottom RIVN rivnlong rivnstock
1
0
chartpattern doubletoporbottom rivn rivnlong rivnstock

  • Test of 200 DMA seems to be in progress. What happens tomorrow could be vital.
  • If it can break above 16, can squeeze right up to 22 first and then 26.
  • Failure here again would send this to new low.
  • Alternate scenario is it keeps building inside the 200 and 60 DMA.
  • I took a start position today at 15. Will add or trim as PA reveals the trend.
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