RIVN: A potential Multibagger!
Rivian may be getting ready for a quick move up! A potential multi-bagger at these level.
a) MACD signal lines are rising as the stock is making lows
b) RSI is showing divergence on the daily timeframe; monthly RSI is above the 14 period RSI moving average line
c) ADX on Daily is above 20; a cross of +ve DI over -ve will come with a swift move to reach the $27 levels
An investor can start accumulating now; trader can get it now with a SL at 9.92; conservative buyer should wait for a close above 11.84 levels.
a) MACD signal lines are rising as the stock is making lows
b) RSI is showing divergence on the daily timeframe; monthly RSI is above the 14 period RSI moving average line
c) ADX on Daily is above 20; a cross of +ve DI over -ve will come with a swift move to reach the $27 levels
An investor can start accumulating now; trader can get it now with a SL at 9.92; conservative buyer should wait for a close above 11.84 levels.
Trade active
Initiated position @ $10
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