Rivian Update: Bottom appears in for 2

2024年1月9日

I think we finally made our bottom for wave 2 today. As you all may know, I bought an additional 7 calls to bring my total holdings to 10 calls and 450 shares. There are a few signs telling me this has most likely bottomed with a main one being MACD. If you notice, there is a line at the bottom that it DID NOT breach. Now, it could turn around and head lower of course, but the fact it has completely curled up and created a green line tells me it shouldn't though. From here I expect MACD to start raising with great strength pushing price to create a new high. Don't forget wave 3's are the usually the strongest move with-in any structure. I don't expect this to be any different and should push us up to $36.87 at a minimum before any meaningful retrace.

When price breaches $24.62 I will remove the turquoise count from the chart as it will at that point be invalidated. I may even buy a few more contracts tomorrow depending on how pre-market goes. If I do, I will be looking at march for exp with a strike around the $30-$35 area. As always, I will place any trades I make on here as soon as I can. Tomorrow I will be occupied most of the day but will update as able. God bless all of you reading this and may He bring you good fortune!

2024年1月9日

交易進行

50 shares bought pre market