Why nobody else seeing this? RIVN is inside the channel and testing the bottom of the channel. It happened couple weeks ago, same scenario. It looks like it may retest it again around $9.5 before heading back up.
The market cap fell significantly and the RSI remains low so makes me think that we do one more retest of the lower channel and we go back up. Immediate target is around $15. Long term target $50.
Remember, not financial advise. Do your own due diligence. Just sharing my idea for RIVN.
Last point, could APPLE potentially buy RIVN? Is that why we dropped so much before the big news?
The market cap fell significantly and the RSI remains low so makes me think that we do one more retest of the lower channel and we go back up. Immediate target is around $15. Long term target $50.
Remember, not financial advise. Do your own due diligence. Just sharing my idea for RIVN.
Last point, could APPLE potentially buy RIVN? Is that why we dropped so much before the big news?
Comment:
Target $15 as predicted, afterwards breakout to $50. Other scenario, we go down first to $9.5 which at the current situation doubt will happen and then we head back up. All BS analysts claiming $8 per share… always do opposite to this dumb analysts
Comment:
yikes… not sure what is happening in EV market. All EV stocks getting hammered. I guess we touch $9.5 maybe a wick to $8 and then bounce back hopefully.