RIVN falls to fair value for swing LONG

24 thg 5

RIVN is here on a 30 minute chart with VWAP bands and a dual time frame RSI added. Price

fell from the top of the trend up after the last earnings. It is now between the mean

anchored VWAP and the first lower VWAP line which is where the reversal occurred on May 8th.

I will look for an entry long on a lower time frame chart. I am looking for a 1.75 move up

toward the second upper VWAP line in this trade while risking 0.25 making the reward for

the risk taken about 7.

25 thg 5

Giao dịch đang hoạt động

My trade got off to a great start. STop loss raised above brek-even. The trade is now risk and stress free.

25 thg 5

Ghi chú

25 thg 5

Ghi chú

Wide View Chart

26 thg 6

Giao dịch đang hoạt động

Finally after a month of sideways consolidation a news catalyst of VW's investment
rich uncle maneuver pushed price markedly higher. 80% of the position closed to
capture ralied profit will watch for bearish mementum with the shorts stepping in. May go short if price cannot stay above 15.