CheelooTrader

RIVN - Real action hasn't begun yet

Long
CheelooTrader Updated   
BATS:RIVN   Rivian Automotive
Despite good price action, movement has been slow due to the supply at these levels. It might test 22/23 next week, how it reacts at that level will decide its fate.

I am long via commons from 16.80
Trade active:
Bottom - confirmed
Pattern - confirmed
Tight price action at this level shows accumulation. Price likely to accelerate from here. Next target 40

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.