$RIVN
Added 2024-02-22 14:31:24 +0000 UTC$RIVN is down -21% now in the PM after reporting a less than impressive earnings report and reduced their production numbers for the year.
The market has not responded well to this and analysts have all cut their price targets for $RIVN to between $13-$22.
$RIVN has not made a lower low but I would not be confident of the impulse wave now and I believe $RIVN at best will consolidate sideways now between the three blue lines this year.
Their first aim is to make sure they do not make a lower low below $11 and stay there....market has just opened so lets see.
Comments
So where's it headed? It broke below resistance but nothing is chartered to show next fib lines.
V
2024-02-23 16:28:04 +0000 UTCIt reached a new lower low. Are you able to update?
V
2024-02-22 17:46:19 +0000 UTC
