$RIVN
Added 2023-09-22 10:20:15 +0000 UTC$RIVN performing relatively well in terms of EV players and miles ahead of $LCID for strength, I was on the West Coast this week and was surprised at the amount of $RVIN vehicles I saw and how good they look.
It is still a possibility to complete Wave 5 here at $30 but we can see that the ABC correction aligns perfectly with the 200 Day MA moving down to the 0.618 Fib to finish Wave C.
So very similar to $XPEV here.....either way, if this is in Wave 5 in green, this would need to pull back for an ABC correction, so coming in earlier is not a bad thing.
Comments
Gareth, do you have a long term potential target for this company? Similar to NIO….. thanks!
Blake O
2023-09-26 00:49:10 +0000 UTC✅👍🏻
Steve Suric
2023-09-22 17:04:30 +0000 UTCI am showing two options on the chart because it is under pressure now to hold its momentum and all EV'S have been struggling too.....I don't believe $RIVN will be an outlier and go against the EV market. So if $RIVN continues up for Wave 5, then an ABC correction will follow next as always, if the price continues to behave weak, then we could be in the ABC correction now.
Gareth Neary
2023-09-22 16:45:56 +0000 UTC@GarethNeary I question on this mornings RIVN chart in my email. I thought that RIVN was in wave 5 which I assume it is. That wave should terminate at $30ish… Due the market being fugese the last 2-3 days we saw a drop in price. Does the wave have to complete at the projected price or can the ABC correction start at any time during the wave? Thx.
Steve Suric
2023-09-22 16:43:41 +0000 UTC
