Rivian Update: Finally on our way higher?

2023年12月4日

We closed out Friday very well with a $1.27 / +7.58% in retained Market cap growth. Don't get me wrong we could give some of that up tomorrow, but I believe we should be in wave 3 of iii right now so to sputter out this early would be worrisome. Not to mention we haven't even breached the wave 1 of iii high. We need to breach wave 1 by enough that it gives room for a wave 4 retrace. Ideally, I would like us to hit the 1.382 @ $19.60 or even extend higher before we have our next retrace.

Notice the red line on the MACD. I want us to breach this line which would be another indicator we are in fact in wave 3 of iii. Not required but typically something you should see. Hopefully tomorrow is a continuation of Friday and we jump at least another $1. Once I feel we start to get close to a local top I am going to sell most of my calls. I forgot to mention to y'all, on Friday, I sold 5 of my calls that expire 15 Dec. to capture some profits. Good luck y'all!

Bonam Fortunam,
--Tyler

2023年12月4日

註釋

As of now we have positive divergence

2023年12月5日

註釋

Last two days have closed red but we're still on pos div at this time. This gives me confidence in the count. Tomorrow night I will make a new post

2023年12月6日

手動結束交易

Closed my Dec 15 contracts

2023年12月6日

註釋

Man I love EWT!!!! I'll make a new post tonight

2023年12月6日

註釋

We haven't even breached my red line on the MACD yet indicating this push higher is still in its infancy. I expect us to breach it very soon.