RIVN a trade from deeply undervalued LONG
Diupdate
RIVN on a 60 minute chart with set of anchored VWAP lines appears to be finishing a double
bottom at the 8.5 level and making a move higher in a VWAP band breakout potnetially rising
to the mean anchored VWAP and beyond it into the upper bands. I will take a long trage here
with the targets in a textbox on the chart. I am interested in the action of the lesser EV stock
while TSLAs fundamentals are challenged by earnings constraints in the face of downward
pricing and whether discounting will stimulate demand or instead accelerate the path down as
investors may perceive the pricing scheme as a sign of weakness ( or even desperation).
bottom at the 8.5 level and making a move higher in a VWAP band breakout potnetially rising
to the mean anchored VWAP and beyond it into the upper bands. I will take a long trage here
with the targets in a textbox on the chart. I am interested in the action of the lesser EV stock
while TSLAs fundamentals are challenged by earnings constraints in the face of downward
pricing and whether discounting will stimulate demand or instead accelerate the path down as
investors may perceive the pricing scheme as a sign of weakness ( or even desperation).
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Zoom - out suggests a falling wedge pattern and perhaps a breakout at the lows:Catatan
Zoom In for Entries and Target Levels Trade aktif
IF the money managers at the Saudi government wealth fund are looking at a chart similar to mine, I am confident that they are buying now and will buoy up pricewith some buying momentum.
Catatan
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RIVN had a nice move up from the open. Stop loss is now above the entry for a risk free trade. One of 10 call options closed to take some profit. otherwise no addsand expecting more while patient.
Trading ditutup: target tercapai
Position closed with price at 9.31 is RIVN reversed.Catatan
Watching for another long entry after the pullback from the volume spike. Long term could easily be a price of 10 with an intermediate target of 10.Trying to pick the best precise entries to make partial profits easily in the narrowest
of time.
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RIVN falling along the lower Bollinger Band and the Donchian channel. Took a put option which yielded 59% overnight ( strike $9 for tomorrow) Price finally looks to be reversing so long entry taken.Catatan
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Admin boosted this idea just now.Catatan
Price rose in the after-hours and crossed the mean VWAP suggesting bullish momentum. Next level of importance 8.67 then 8.81.Catatan
RIVN finished the week strong perhaps with tailwinds from earnings in some of the megacaps. N o matter 6& above entry the stop loss is now a trailing 5% and the tradeis profitable whhile in a patient full position.
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RIVN moving up slowly. Remaining patient. Full position.Catatan
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