JUST IN: $RIVN has hit all 4 shorter-term targets and someone had lit the daily candles on 🔥.
Is this bounce over or could it just be the beginning?
• Daily chart is ultra bullish
• Weekly chart is bullish
• 2-week chart is bullish
• 3-week & monthly charts are showing
Jesse Olson
@JesseOlson
11-12
Many people love $TSLA stock, I've covered $RIVN in the past saying it pretty much follows big brother...
The bottom could be in, pending buy signal on the daily chart.
Here is the weekly chart:
• Buy signal at $12.28 & is price is currently up 25%
• Breakout of longer-term downward trend line
• Longer-term bullish divergence has not been cleared yet
• Pending MACD crossing 0 line = bullish
• Gap at $23 lines up with longer-term target box
• 2-week chart had a buy signal
• longer-term target 2 is nearly a +250% move from the breakout
Sector:
From Twitter
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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