Yesterday Volkswagen and Rivian announced a very bullish partnership that led to a 40%+ pump during post-market hours. RIVN is currently trading near an orange resistance zone between $15.23 and $15.96. I have $19.50 and $24.80 as the next key sell targets. Some of you keep asking me what I’m doing with my RIVN position. If you have read my RIVN analysis you’ll see that I’ve been saying RIVN is very bullish in July with 50%+ gains on average. I also emphasized that I believe RIVN will be a $100-200 stock someday similar to Tesla. I think we are still very early and there is a lot of growth potential for RIVN. This Volkswagen deal confirms that RIVN has a bright future ahead. There is nothing wrong with taking profits along the way, but I personally am waiting for higher prices. Seasonality suggests that we go higher in July before dropping in August so I will look to sell around the end of July.

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