Nov. 14 at 11:56 PM
$RIVN is currently trading at
$15.11, showing a healthy RSI of 57.39, indicating bullish momentum but not yet overbought. The price is above the 30-day moving average (MA30) of
$13.96 and the 50-day moving average (MA50) of
$14.17, suggesting a positive trend. The recent high of
$18.13 indicates potential upside, while the low of
$12.16 provides a solid support level.
Market context favors a bullish outlook, given the price's position relative to both moving averages and the RSI.
Suggested trade plan:
- Entry:
$15.30 (slightly above current price to confirm momentum)
- Stop:
$14.80 (below the 50-day MA for protection)
- Target 1:
$17.00 (near recent highs for a conservative exit)
- Target 2:
$18.00 (to capitalize on potential breakout).
This plan leverages current momentum and technical indicators while managing risk effectively.
For more insights, visit https://privateprofiteers.com.
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