$RIVN Getting ready for a HTF move to $15-$16

Global liquidity is trending down
Bearish RSI divergence on SPY and QQQ
RIVN like practically all EV stocks and Tech stocks are over-extended from MA's
Daily TD 8 Count

$27.16 may have been the HOY. If not, I'm expecting for big money to push price up to $28 before we see a steep pullback or reversal. has not tested the daily 50, 100, or 200 in a long time. The daily 9-EMA has been holding every test recently. Will look for break of the daily 9-EMA for confirmation.

I've dabbled in options. Might look for some December puts and short an equity position for intraday moves.

Remember, we want to lose on the idea, not the execution. Make sure to look for entries near levels you can risk against.

Good luck!

Note

I've had a change of perspective. We are bullish until closes below the 9D-EMA and 21-D EMA

Note

Welp, we indeed got our close below the daily 9 ema. I'm anticipating a move to the $22 area to fill a previously unfilled gap. Good luck everyone!

Note

So far so good. I don't know that the market will stop at the next gap fill. Rising cost of energy and rising cost of credit can really hurt auto manufacturers, especially

We could see a very painful stretch of 12-18 months for long-term holders.

Best of luck!

Note

Not much has changed but has arrived at a key inflection point. For thesis to remain in tact, this resistance level must hold.

DegenerateSatoshi

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DegenerateSatoshi