Our mission is to help you obtain financial freedom. Checkout Our Youtube Channel Checkout Our Youtube Channel
Blog

RIVN Spikes Up to $12.70 Resistance Level

Rivian (RIVN) stock has rallied after announcing an expansion of its partnership with Volkswagen (VWAGY), with the German automaker pouring more money into a joint venture.

RIVN has held above the $10 support level, and this news announcement has caused a spike up to the white resistance zone between $11.64 and $12.70. I think this will turn into a pump and dump before RIVN trends back down. I think $10 and under is a great place to buy RIVN as a longer term investment. Right now there’s too much hype around tech, EV and healthcare stocks are getting heavily overlooked despite their low prices.

Follow me on social media: https://linktr.ee/realchartchamp

0 Comments
Inline Feedbacks
View all comments

More ClearValue Insights

Default Thumbnail

DIS Likely to Form a Bullish Breakout

DIS is trading 8%+ higher today after reporting strong earnings. I think DIS is trading near a historically low price level, and I view this as a long term investment setup. Last year I posted a DIS entry around $79, the price has climbed up quite a bit over the past year. I still think […]

Read More
Default Thumbnail

MPW Decline into the Orange Buy Zone

MPW has started to drop, and I think the price is trending down towards the orange zone between $3.90 and $4. I think MPW is a great buy under $4 so I would definitely take advantage of this opportunity. For now I would monitor MPW on the way down. If the orange zone doesn’t hold […]

Read More
Default Thumbnail

Bullish FN Chart With Monthly Price Swings

FN has been performing extremely well over time, rallying from $25 to $280 since Jan. 2018. I think FN is likely to continue performing well over time, but the price seems a bit high with FN trading above the channel. For long-term investing I would look for entries around $175. For swing trading I think […]

Read More