I had a good year with RIVN, but I sold what I had a couple of weeks ago. I’m waiting to get back into it in a large way, but the big question is whether it will (a) fall really hard, as it has in the past, to that ascending trendline or (b) find new, much higher, support represented by that dashed line. I’m inclined toward the latter.
Perhaps it’s because I’m in snow country and am seeing Rivians everywhere I look, but I think RIVN has a great future ahead, in spite of the fact it’s years away from turning a profit.
