$Rivian Automotive, Inc.(RIVN)$ I see that we will break the resistance of 18.26 this week. Maybe even the 2nd and 3rd resistance at 18.93 and 19.64 respectively. The support sits at 17.42. Both short and long term trends are shouting a buy opportunity. A positive trend has started. A suggestion to our beloved shorts, there are 100mio stocks out shorted, soon the wave of covering will start, don’t be too late or the last to start.
Keep in mind, it does not matter where the stock will end up this week. What matters is what will happen in 2024. R2, new EDV contracts, etc! Relax, sit back and enjoy the ride.
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