Rivian AutomotivePanjang
Rivian in interesting point - up or down
AT:
+ we are near last bottom/lower low. One could make buy transaction with low stop loss (below last low)
+ there was seen some accumulation and rising price with higher volume
- however after such spike, price again lowered - not yet ready for up trend ?
- current trend is to downside
+ we are on a support level and could make bounce to the next resistance: 15 usd and later 20 usd
Fundamentals:
- still not profitable company
+ huge investment from VW
+ VW buying stock: article
+ plan to deliver all estimated vehicles in 2024 (earning for Q4Y2024 are promising)
- Trump is considered as something bad for Rivian
This is what I gathered and what I'm thinking. It's really worth to risk now with small Stop Loss below last low. What do You think about it ?
+ we are near last bottom/lower low. One could make buy transaction with low stop loss (below last low)
+ there was seen some accumulation and rising price with higher volume
- however after such spike, price again lowered - not yet ready for up trend ?
- current trend is to downside
+ we are on a support level and could make bounce to the next resistance: 15 usd and later 20 usd
Fundamentals:
- still not profitable company
+ huge investment from VW
+ VW buying stock: article
+ plan to deliver all estimated vehicles in 2024 (earning for Q4Y2024 are promising)
- Trump is considered as something bad for Rivian
This is what I gathered and what I'm thinking. It's really worth to risk now with small Stop Loss below last low. What do You think about it ?
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.