EV has been hated lately. I look for areas of value where sentiment is overly negative.
RIVIAN is showing relative strength to the market today, currently up 3% while the a lot of the market bleeds.
The range forming on RIVIAN has a gap above at $22-$23, I think we fill that.
$15 has been a pivotal level in the last year or so for Rivian and I see that level holding with a bullish inverted head and shoulders.
Again, this is just a range trade with good R &R.