Might be worth a shot taking a long here; there's a clear double bottom at good support, and a likely trip up to low 20s. (With the proviso this is a really obvious trade...) I think their vehicles are quite good looking, and I bought the stock after seeing a couple of them driving around the neighborhood. The bad news is since those initial sightings of Rivians, not a single one more has appeared after that. Same with Lucid, which IMO is a truly ugly car - one showed up, and there is not a second one seen. I think we're trading the 12 to 24 range and nothing more.
Hard to believe the high was 145, only a bit over two years ago, and here we are thinking about a run from 15 to 25 as being a big thing :( 1/20/24
I think their vehicles are quite good looking, and I bought the stock after seeing a couple of them driving around the neighborhood.
The bad news is since those initial sightings of Rivians, not a single one more has appeared after that. Same with Lucid, which IMO is a truly ugly car - one showed up, and there is not a second one seen.
I think we're trading the 12 to 24 range and nothing more.
Hard to believe the high was 145, only a bit over two years ago, and here we are thinking about a run from 15 to 25 as being a big thing :( 1/20/24