RIVIAN: Buy signal emerged.

6 בנוב׳ 2023

Rivian has found support inside April's HL Zone while the 1D RSI flattened. The 1D technical outlook is only slightly bearish (RSI = 42.485, MACD = -1.120, ADX = 38.728) despite being inside a Channel Down since July 27th. Technically it is replicating the January-April correction, which eventually bottomed when the 1D RSI flattened.

We use the 1D MA200 rejection as a short term buy signal, aiming at the 1D MA50 (TP = 20.00).

## If you like our free content follow our profile to get more daily ideas. ##

## Comments and likes are greatly appreciated. ##