Friday, January 27, 2023
Green Reporter
  • Home
  • Biodiversity
  • Climate Change
  • Energy
  • Filmmaking
  • Food
  • Investment
  • Management
  • Sustainability
  • Technology
  • Transportation
No Result
View All Result
  • Home
  • Biodiversity
  • Climate Change
  • Energy
  • Filmmaking
  • Food
  • Investment
  • Management
  • Sustainability
  • Technology
  • Transportation
No Result
View All Result
Green Reporter
No Result
View All Result
Home Investment

As Rivian Rallies in Runup to Earnings, Do Traders Have a Green Light?

GrR by GrR
August 11, 2022
in Investment
0
55
SHARES
238
VIEWS
Share on FacebookShare on Twitter



By
BRUCE KAMICH

Aug 11, 2022 | 12:10 PM EDT

Stocks quotes in this article:

RIVN

Shares of Rivian Automotive Inc. ( RIVN)  are rallying Thursday, ahead of releasing its second-quarter earnings results after market close. Let’s check and see if the charts are charged up enough for further gains.  

 

In this daily bar chart of RIVN, below, we can see that prices have made a saucer-like bottom pattern. Prices are now trading above the rising 20-day and the rising 50-day moving average line (yes these averages are shorter than normal). Trading volume has declined from early May but the On-Balance-Volume (OBV) line has improved. The Moving Average Convergence Divergence (MACD) oscillator has moved above the zero-line for an outright buy signal.

 

 

In this weekly Japanese candlestick chart of RIVN, below, we see price improvement but not much else. 

 

 

 

In this daily Point and Figure chart of RIVN, below, we can see an upside price target in the $42 area. 

 

 

 

In this weekly Point and Figure chart of RIVN, below, we can see a $49 price target. 

 

 

Bottom line strategy: We were warming up to RIVN in our July 6 review and wrote that “Traders who went long RIVN in early June should continue to hold those positions. Aggressive traders could add to longs on strength.” Now I want to pivot to a “take profits on a scale up” strategy. Use available strength toward $42 and higher to take profits. 

Get an email alert each time I write an article for Real Money. Click the “+Follow” next to my byline to this article.

Employees of TheStreet are prohibited from trading individual securities.





Real Money’s message boards are strictly for the open exchange of investment ideas among registered users. Any discussions or subjects off that topic or that do not promote this goal will be removed at the discretion of the site’s moderators. Abusive, insensitive or threatening comments will not be tolerated and will be deleted. Thank you for your cooperation.
If you have questions, please contact us here.

Email sent

Thank you, your email to has been sent successfully.

Oops!

We’re sorry. There was a problem trying to send your email to .
Please contact customer support to let us know.

Please Join or Log In to Email Our Authors.

Email Real Money’s Wall Street Pros for further analysis and insight

Already a Subscriber? Login



Source link

Previous Post

Sweep Named an Innovator in the Carbon Management Software Green Quadrant 2022

Next Post

Selling indie films via ‘EdukSine’ – Manila Bulletin

GrR

GrR

Green Reporter is a global source for news of sustainability, green industry, green technology, clear energy, sustainable food production, and green investments. Our aim is to deliver the best news and information to you.

Next Post

Selling indie films via ‘EdukSine’ – Manila Bulletin

  • Trending
  • Comments
  • Latest

Climate change in our backyard: Manitoba begins to grapple with the consequences – Winnipeg

August 10, 2021

Repsol starts marketing debut sustainability-linked bond sale

June 29, 2021

Sustainability Ambitions Soaring at KCI

December 6, 2021

Chris Pratt explains where the White Spikes originated

July 3, 2021
Stop burning our rights! What governments and corporations must do to protect humanity from the climate crisis – World

Stop burning our rights! What governments and corporations must do to protect humanity from the climate crisis – World

Biden said to mull dropping corporate tax hike to fund jobs plan

Biden said to mull dropping corporate tax hike to fund jobs plan

Global investors pressure Asian utilities to cut emissions

Global investors pressure Asian utilities to cut emissions

Global inequity could derail path to net zero

Global inequity could derail path to net zero

What’s With A24’s Religious Obsession?

August 12, 2022

Governor Hochul Announces Completion of $16 Million Affordable Housing Development in Monroe County

August 12, 2022

EU ban on Russian coal enters into force

August 12, 2022

Immune system insights and Thai climate calculator: News from the College | Imperial News

August 12, 2022

Recent News

What’s With A24’s Religious Obsession?

August 12, 2022

Governor Hochul Announces Completion of $16 Million Affordable Housing Development in Monroe County

August 12, 2022

EU ban on Russian coal enters into force

August 12, 2022

Immune system insights and Thai climate calculator: News from the College | Imperial News

August 12, 2022

Recent News

What’s With A24’s Religious Obsession?

August 12, 2022

Governor Hochul Announces Completion of $16 Million Affordable Housing Development in Monroe County

August 12, 2022

EU ban on Russian coal enters into force

August 12, 2022

Browse by Category

  • Biodiversity
  • Climate Change
  • Energy
  • Filmmaking
  • Food
  • Investment
  • Management
  • Sustainability
  • Technology
  • Transportation

Follow Us

  • Privacy & Policy
  • About Us
  • Contact Us
  • Advertise

© 2021 Copyright Green Reporter

No Result
View All Result
  • Home
  • Biodiversity
  • Climate Change
  • Energy
  • Filmmaking
  • Food
  • Investment
  • Management
  • Sustainability
  • Technology
  • Transportation

© 2021 Copyright Green Reporter