I seriously have a chance of putting my foot in my mouth with this one, but I’ll come out and say it once again: I really like Rivian (RIVN), the electric truck maker. Their chart right now……..
Reminds of a certain little-known company back in 2012 that I suggested with a similar pattern:
That little-known company was called Tesla, which is now ONE HUNDRED TIMES more valuable than when I suggested it as a “buy.”
By no means am I suggesting Rivian has that bright a future, but honestly, between being impressed at their design (I see a lot of them here in Palo Alto) and the similarity of the chart to the Tesla of days gone by, I think it could be a real winner. And, yeah, to be clear, this is a bullish idea. I just want to be clear on that, because it happens approximately never on this site.
