Rivian: Doomed
It is hard to elaborate on fundamentals or even technicals for a start-up company of any kind, much less a publicly traded producer of motor vehicles. I know nothing about this company, except that its stock just popped, after-hours. What I see does not give me confidence as a buyer of the stock. What I see is a company that will continue lower before reversing higher in any significant way, and a company that may rebound over the next 10, maybe 20 years, but will ultimately fail. This analysis is based on Fibonacci levels I have calculated based on my view of the candlesticks over the past hour.
The Minor ABC pattern is for analytical reference and not the count I would use, but refers to a count I believe has already failed (yellow fibs), and the white circle in the bottom right represents what I consider a safe entry point for mid-term buyers.
Best.
The Minor ABC pattern is for analytical reference and not the count I would use, but refers to a count I believe has already failed (yellow fibs), and the white circle in the bottom right represents what I consider a safe entry point for mid-term buyers.
Best.
Nota
Nothing has changed from my original idea. Polished the chart up a bit...found a target area with fibs dialed in. 
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.