The Long Investor
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$RIVN
🕑 Added 2025-05-06 11:40:03 +0000 UTCAlso reports after the close today.
Price is at an important level right now as it tests the upper limit of this yellow line at $14 this week.
A comfortable beat on earnings and we could see a breakout next but the price must hold above $14 next on the outside of the wedge.
The targets then above are at:
- $15.31
- $22 at the 1.618 Fib and blue resistance line.
A miss from this earnings and the price can drop back down to the bottom yellow support line at $11 and this level must hold.
$RIVN beat on their previous ER, so the market will be looking for a positive trend now to show that they are moving in the right direction.
$RIVN is one of the best suited EV makers in the US right now to expand.
Comments
Mahdi Yusuf
I am in it for the long haul, I think they are great company. if they can manage to scale up they should do well.
DiegoTheSabre17
Thanks for keeping tabs cap.. this is my speculative play!!
DiegoTheSabre17
With all the hate on TSLA last quarter.. hoping for a great quarter for RIVN
