Rivian (RIVN) Emerging From Tight Consolidation Pattern
Rivian Automotive (RIVN) shares flagging after a strong recent run above the monthly VPOC of 28.84 and closed green Tuesday in a weak market. Now back testing the 8/21 EMA’s after they had a bullish cross higher last week. A tightly coiled squeeze pattern unfolding with potential follow through back up to 35 and even the 40 level which is an untested VPOC from April.