Time to buy
From its all time lows to the recent short term highs @ $18 Rivian has retraced 50%.
A clear channel has started to form, currently at the bottom of this channel.
A daily golden cross has formed on the chart.
Share price is difficult to predict on a short term timeframe.
All the news has been positive recently with VW investing and collaboration with Rivian. With much more affordable vehicles coming out in the near future that look amazing, they will sell by the thousands, future looks bright for this fantastic company. Apparently customer satisfaction levels are higher than Porsche and BMW.
Ford has pulled the plug on a pure EV pickup, concentrating on hybrids. To my eye Tesla’s Cyber Truck looks terrible and is huge, ( check out James May’s review on YouTube )
Recent share price weakness looks like a good time to invest for the long term.
A clear channel has started to form, currently at the bottom of this channel.
A daily golden cross has formed on the chart.
Share price is difficult to predict on a short term timeframe.
All the news has been positive recently with VW investing and collaboration with Rivian. With much more affordable vehicles coming out in the near future that look amazing, they will sell by the thousands, future looks bright for this fantastic company. Apparently customer satisfaction levels are higher than Porsche and BMW.
Ford has pulled the plug on a pure EV pickup, concentrating on hybrids. To my eye Tesla’s Cyber Truck looks terrible and is huge, ( check out James May’s review on YouTube )
Recent share price weakness looks like a good time to invest for the long term.
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