$RIVN - IMPORTANT NOTE -
Added 2024-01-03 22:09:24 +0000 UTCWhat is something we always say in this group?
'The Market always gives you a second chance!'
So there is never a reason to chase a stock after it has ran, a stock or market will always pull back and there is solid reason to wait for the pull back to make a higher low which confirms the trend and the risk is greatly reduced then.
$RIVN is another perfect example, broke above the 200 Day MA and looking set to come back down for a retest from above, and where is the 0.618 Fib sitting right now?....on the 0.618 Fib.
A hold here at this strong confluence level and it is a buy signal.
Comments
Great work as always Peter
Gareth Neary
2024-01-03 23:11:02 +0000 UTCI sold at $23.8 and still waiting to buyback. Thanks for your chart.
Peter Mocca
2024-01-03 22:33:58 +0000 UTC
