Rivian Update: Stock Pundits are a JOKE

I saw an article earlier that literally said Rivian is getting a bump from Tesla's cyber truck. I just thought to myself, this guy needs to be fired. I don't usually get worked up but how lazy can you be. That has nothing to do with why Rivian stock is rising. TESLA didn't even raise from it as it's been stagnant for almost a month now. What a joke. I hope he/she reads this and is disappointed in themselves for the extremely lazy piece of "work" they decided to put out for people to waste their time reading. Anyway, on to what matters...the ACTUAL reasons Rivian is raising.

I have been tracking Rivian for quite some time now, and I would argue I know it better then I know the Tesla chart. I have spent HOURS on Tesla too. Rivian, however, is so textbook to this point it's not even funny. If you are a long-time follower of me, you would know I started out posting on Rivian some time ago and have used it since to hone my skills. Well April of this year, Rivian made a very distinctive move and created it's forever bottom as long as the company remains to be operated wisely. @sriaishu traded that move with me and can also vouch I did indeed call it before it happened. After we completed that impulsive 5-wave move up for wave (1), we began a corrective 3-wave move down in the form of an ABC. Since that bottom we have rallied up to almost 30% and hit $19.55 before slightly retracing. According to my primary count we just finished wave iv and should start to move up for wave v of (iii). It is possible we get OML, but it should be slight if we do.

MACD made a new high on ALL the micros, is on positive divergence, and the 1HR potentially changing direction (creating another higher low) all say we should head up. The count/structure suggests we should head up and many other signals are pointing higher, and soon. I suspect the next move up should target closer to the 1.618 fib @ $20.35 or possibly even extend past it. Idk if y'all read some of these "articles" out there but take note of how they have changed their tune on Rivian's stock as of late. As of now I currently have 250 shares around $15 and 60 calls. I will most likely sell all calls on the next big move higher to cash in those profits and then rebuy new contracts on the retrace. I will hold the shares for now and decide later when to sell them. I'm off tomorrow and will be watching. Good luck everyone, I hope you are capitalizing on Rivian.

Bonam Fortunam,
--Tyler

Комментарий:

Operating on pos divergence as of now.

Комментарий:

Looks like we are coming towards the end of this c wave

Комментарий:

Oml looks needed and will create positive div

Сделка активна:

bought 10 jan 19 $20 calls

Комментарий:

bounced off my trend line. lets hope this strength keeps up

Комментарий:

If we continue with an upwards bias from here then this is where I think we are in the count. Today we have definitely dropped hard which is indicative of a c wave of some degree. We are due for a move higher regardless if it is a retrace or a new impulsive wave.