$RIVN, $TSLA, $NIO, $XPEV, $LI, $FSR, $PSNY, $BYDDY, $LCID are all struggling right now....no company is exempt from the EV sector selling pressure.....so it is our job to take advantage of the sector decline and look at companies that are still performing well (fundamentally) and add or start positions.
I am in $NIO and $FSR and added $NIO in the $6's so I have done my job of taking advantage.
$RIVN is at a difficult spot now, it needs to hold the level it is at now or there is a Wave 2 break down and it is very much in the same situation as all the other early growth EV companies, desperate to find support, the bottom blue line can not be ruled out at $11.
CJM
2024-01-25 10:38:30 +0000 UTC