$RIVN is in an even worse situation compared to $LCID right now and it is drifting down further to its 0.887 Fib at $9.46, since it rejected trying to get above its 0.78 Fib at $10.52
In comparison, $NIO is just at or below its 0.618 Fib.
$RIVN I believe is in a much better position compared to $LCID however, it has the backing of $AMZN, Saudi investment funds and VW.
I still prefer $NIO but if $RIVN can find support soon, it could be worth an add and consideration.
YuseeMo
2024-11-08 20:45:20 +0000 UTCUpdog44
2024-10-19 02:15:32 +0000 UTC