Rivian Automotive Stock Discussion

Who truly has more room for Growth. Both in the same industry, and both fighting for control.  But Tsla Is way Over-valued based on their Net Sales, Recalls, and Suits. Now you have RIVN, under $20, and expanding. Getting tac breaks, new contracts, and consistently catching Investors eyes. One little guy, vs David the Goliath. But with Technology these days, and what we can do from home. RIVN will continue to grow, while Tsla just is a name.

“RIVN showing signs of strength! Trading at $11.735 (+1.16%), breaking above the Bollinger Band midline ($10.49) with RSI nearing bullish territory (72.99). Volume at 65.7M signals strong interest. Watch for a break above $12.25 resistance for continuation! 🚗📈

Readers will see a closing pennant formation that goes back to July of 2023. This is almost a descending triangle, which would be a bearish pattern, but is not, due to the higher low made this November. The stock sold off from July 2023 into April of 2024 when it bottomed. Resistance had been hit close to the "half-way" back point (50% retracement) in July before selling off yet again.
Readers will see that the stock then hit resistance this November (twice) at the...