$RIVN - RC -
Added 2023-06-28 12:16:41 +0000 UTCRejected at the blue line, which was its 4th time rejecting at this line now since April.
The count is still valid but this will need to hold above the 0.78 Fib at $12.55 now to keep this count valid.
A number of EV startups have been struggling this week and two at risk of bankruptcy, so there continues to be uncertainty around this industry right now, sideways movement is fine but will need to hold a higher low now.
Comments
$RIDE and $MULN
Gareth Neary
2023-07-02 20:14:21 +0000 UTCOut of interest who are the 2 at risk of bankruptcy?
Steve Cullip
2023-07-02 19:31:22 +0000 UTCThanks for the update, Rivian does have $12 billion in cash so hopefully that separates them from the other ev startups
Jeff Akrawin
2023-06-28 13:32:20 +0000 UTC
