Rivian: Doomed
It is hard to elaborate on fundamentals or even technicals for a start-up company of any kind, much less a publicly traded producer of motor vehicles. I know nothing about this company, except that its stock just popped, after-hours. What I see does not give me confidence as a buyer of the stock. What I see is a company that will continue lower before reversing higher in any significant way, and a company that may rebound over the next 10, maybe 20 years, but will ultimately fail. This analysis is based on Fibonacci levels I have calculated based on my view of the candlesticks over the past hour.
The Minor ABC pattern is for analytical reference and not the count I would use, but refers to a count I believe has already failed (yellow fibs), and the white circle in the bottom right represents what I consider a safe entry point for mid-term buyers.
Best.
The Minor ABC pattern is for analytical reference and not the count I would use, but refers to a count I believe has already failed (yellow fibs), and the white circle in the bottom right represents what I consider a safe entry point for mid-term buyers.
Best.
הערה
Nothing has changed from my original idea. Polished the chart up a bit...found a target area with fibs dialed in. 
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.