$RIVN Rivian Motors Technical Analysis

RIVN Rivian Motors

Technical Analysis

Although RIVN has had an IPO in the past few weeks without much data to do a technical analysis, but we are already seeing patterns.

TAKE AWAY:
- Rivian Motors has broken the ATH Resistance line and it now became the support line as shown on the chart.
- The Analysis shows us the stock has massive potential of Up Trend.
- No other Technical Red Flags shown.
- In unlikely scenario the stock will bounce off the NEW support line if there is a correction.

KEEP AN EYE on a small correction to make your market move. But remember it is unlikely the stock will move lower the new support line.

ANY comments appreciated.