$RIVN - RC -
Added 2023-08-23 11:32:10 +0000 UTCAlmost identical to the $NIO chart, pulled back very aggressively and so far $RIVN has found support just above the 200 Day MA.
It may consolidate sideways, which I think would be a good scenario for both $RIVN and $NIO.
Losing the 200 Day MA is not a good sign and it can enter the bear case again if this happens.
This ran from $11 to $28, as $NIO ran from $7 to $16, so they are proportional to each other, structure and control is very much needed now.
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