RIVN Stock Discussion

Rivian Automotive, Inc. Description

Rivian Automotive, Inc. develops and manufactures electric adventure vehicles. It offers five-passenger pickup trucks and sports utility vehicles. The company provides electric SUVs and electric pickup vehicles. The company was founded in 2009 and is based in San Jose, California. It has additional facilities in Irvine, Carson, and Palo Alto, California; Normal, Illinois; Woking, United Kingdom; Plymouth, Michigan; Vancouver, Canada; and Wittman, Arizona.

Sector: Consumer Cyclical
Industry: Auto Manufacturers
Keywords: Nasdaq 100 Transport Electric Vehicle Cars
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TraderMike 4 months ago

This stood out to me when I ran a Combo Scan combining 'Down 3 Days in a Row and Hammer Candlestick"  I was long RIVN for that last push in December, so it's fresh in my mind and still on one of my watchlists.  This perfectly filled the mid-December gap and bounced a bit today.  The gap down yesterday is worrisome but I may buy it if it rises above the high of today's hammer

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CleverHamster476 4 months ago

Some looking to push price lower to buy the dip because they know Rivian will be up at least 100% in 2-3 years. Not going to be Tesla 2.0, but very possibly 1.5.

Stock will also absolutely jump to 22+ after official earnings.  

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TraderMike 4 months ago

I've lost interest in it now that it's fallen under its 50 day moving average.  🤷

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