Rivian Automotive, Inc.: Triangle Breakout in Sight

Rivian Automotive (RIVN) is forming a triangle pattern, signaling a potential breakout as the price consolidates within a tightening range. This technical formation points to a high-probability setup, with upcoming price movements likely to be decisive. Let’s analyze the chart to uncover precise levels and actionable trading opportunities.

Chart Analysis: Key Levels to Watch

The lower trendline of the triangle, around $14.35, serves as critical support. A breakdown below this level could signal bearish momentum.

Target Levels Post-Breakout:
Target 1: $18.33
Target 2: $21.73
Target 3: $24.52
Stop-Loss: Above $15.25

What’s your take on Rivian’s next move? Will it break higher or lower? Share your views in the comments below! 📈📉

⚠️ Disclaimer: This blog is for informational purposes only and does not constitute financial advice. Always conduct your own research before making investment decisions.