RIVN a trade from deeply undervalued LONG

RIVN on a 60 minute chart with set of anchored VWAP lines appears to be finishing a double

bottom at the 8.5 level and making a move higher in a VWAP band breakout potnetially rising

to the mean anchored VWAP and beyond it into the upper bands. I will take a long trage here

with the targets in a textbox on the chart. I am interested in the action of the lesser EV stock

while TSLAs fundamentals are challenged by earnings constraints in the face of downward

pricing and whether discounting will stimulate demand or instead accelerate the path down as

investors may perceive the pricing scheme as a sign of weakness ( or even desperation).

Transaction en cours

Zoom - out suggests a falling wedge pattern and perhaps a breakout at the lows:

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Zoom In for Entries and Target Levels

Transaction en cours

IF the money managers at the Saudi government wealth fund are looking at a chart similar to mine, I am confident that they are buying now and will buoy up price
with some buying momentum.

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Transaction en cours

RIVN had a nice move up from the open. Stop loss is now above the entry for a risk free trade. One of 10 call options closed to take some profit. otherwise no adds
and expecting more while patient.

Trade fermée: cible de profit atteinte

Position closed with price at 9.31 is RIVN reversed.

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Watching for another long entry after the pullback from the volume spike. Long term could easily be a price of 10 with an intermediate target of 10.
Trying to pick the best precise entries to make partial profits easily in the narrowest
of time.

Transaction en cours

RIVN falling along the lower Bollinger Band and the Donchian channel. Took a put option which yielded 59% overnight ( strike $9 for tomorrow) Price finally looks to be reversing so long entry taken.

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Transaction en cours

Admin boosted this idea just now.

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Price rose in the after-hours and crossed the mean VWAP suggesting bullish momentum. Next level of importance 8.67 then 8.81.

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RIVN finished the week strong perhaps with tailwinds from earnings in some of the megacaps. N o matter 6& above entry the stop loss is now a trailing 5% and the trade
is profitable whhile in a patient full position.

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Transaction en cours

RIVN moving up slowly. Remaining patient. Full position.

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AwesomeAvani

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