RIVN on the 2H chart rose 67% to begin July as part of the larger EV sector rally
which included several other tickers including those from UK and China. It has
pulled back significantly since completing a double top on July 13th. Price is
now hovering over and supported by the mean VWAP line anchored to July 1st.
The two time frame RSI indicator shows both lower (blue line) ane higher time
frame ( black line) RSIs at 50 or higher with the blue line closer to that transition
zone. The zero-lag MACD shows the subtle cross under the histogram which
has changed from negative to positive. Overall, although the best entry is at
$20 from a very deep pullback, I believe that RIVN is now setup for a long trade
following a continuation or even a call option contracts trade. I will take a
position in call options at this time.
which included several other tickers including those from UK and China. It has
pulled back significantly since completing a double top on July 13th. Price is
now hovering over and supported by the mean VWAP line anchored to July 1st.
The two time frame RSI indicator shows both lower (blue line) ane higher time
frame ( black line) RSIs at 50 or higher with the blue line closer to that transition
zone. The zero-lag MACD shows the subtle cross under the histogram which
has changed from negative to positive. Overall, although the best entry is at
$20 from a very deep pullback, I believe that RIVN is now setup for a long trade
following a continuation or even a call option contracts trade. I will take a
position in call options at this time.
Aviso legal
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Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.