$RIVN
Added 2023-11-07 12:43:46 +0000 UTC$RIVN is also due to report after the close today too.
Wave C has come all the way down to the 0.78 Fib and has bounced and has been met with resistance at the 200 Day MA on the daily chart as the market awaits the earnings report.
This too is in a good position to benefit from a strong report.
It could move higher and convert the 200 and 50 Day MA to support levels if the report is strong, I have also added the Wave 3-5 targets if this does start its reversal.
Any surprises and this rejects at the 200 Day and moves lower to the bottom blue line possibly.
Comments
Very exciting stock!
Andreea
2023-11-08 09:21:08 +0000 UTCGood point Blake.
Gareth Neary
2023-11-07 12:50:08 +0000 UTCWould love to catch it around $11-$12. Market cap would equal cash on the balance sheet. That’s a shot worth taking all day long, especially with the level of institutional investors (Amazon).
Blake O
2023-11-07 12:46:32 +0000 UTC
![[takeostudios]](https://samsuka.com/istorage/106010.jpg)
