Rivian Update: Stayed in a range

15 feb

Price didn't give us many answers today. We basically stayed in a range, but we didn't make another low either. MACD is rising back towards the zero line, flashed a buy signal, and the positive divergence has held thus far. Price did make a high on neg div in the micros though. So, a slight red day tomorrow is possible especially given where I feel Tesla is in its respective count. Corrective counts are so fun to count, aren't they??? Let's see what tomorrow brings, but Rivian could be waiting for the earnings report to make any big moves. Who knows, maybe by then Tesla would have finally bottomed helping give Rivian the momentum needed to have a strong raise higher. Sorry no answers today, hopefully tomorrow we will get some.