RIVN: Week of December 18

16 Dis 2023

RIVN levels in the chart.
Personally bullish following the breakout but a re-test is possible:



About 35% of accumulation rests just over 2 SDs (24.17) since the start of the pennant formation:



And the volume accumulation also rests to the upside:



Bullish overall, watch the conditions though as always.
Expect a bit of resistance at 24.17.

19 Dis 2023

Nota

Look at that,
Bull flag forming just under 24.17 ;-).

21 Dis 2023

Nota

Slightly missed the PH2 target. Got sucked down today with the sell, but it is holding the conditional levels.

RIVN generally is its own entity, so even if the market has topped temporarily it doesn't necessarily mean RIVN will follow. Wait for a re-breakout of the conditionals before doing anything. If we fall below, then its likely going to head back down to the low range.