Power Plays New Idea: RIVN
June 27, 2024

By Scott Redler

Name: Rivian

Ticker: RIVN

Price: $13.85

Needs to Hold: $12.90 to $13.50

Price Objective 1: N/A

Price Objective 2: N/A

Rivian (RIVN) is back in the news after the investment from Volkswagen. They offered mixed guidance today, but I expect the news be absorbed.

The technical picture is improving, with the weekly chart looking especially strong.

We are playing this one tight because it's a risky name.

The danger zone is $12.90 to $13.50, so I'll be ready to switch gears fast.


Scott Redler Positions Disclosure as of 2024-06-27 at 10.11.15 AM