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

·1 min read
As Rivian Rallies in Runup to Earnings, Do Traders Have a Green Light?

In this daily bar chart of RIVN, below, we can see that prices have made a saucer-like bottom pattern. Trading volume has declined from early May but the On-Balance-Volume (OBV) line has improved. In this daily Point and Figure chart of RIVN, below, we can see an upside price target in the $42 area.