$RIVN
Added 2024-08-28 17:28:20 +0000 UTCIs having some difficulty at the confluence zone around the 0.5 Fib at $14.17, which is also the 200 Day MA and we can also see that the price action tested the 50 Day MA just above this level.
We know now that this is a resistance level and getting above this level will be a significant win for the bulls.
A pull back may be needed first, so a higher low above the 0.618 Fib at $12.79 is all that is needed
Losing this level and the next support is down at the 0.78 Fib at $10.84
