RIVN is developing a promising bullish setup as shares move above the key moving averages. The 8-day EMA has crossed above the 21-day EMA, PPO momentum is strengthening, and +DI has moved above –DI, showing that buyers are gaining control.

A sustained break above the $16.90–$17.10 resistance area could open the door to $17.50 and potentially $18.00–$18.50. The trend is still developing, however, with a low ADX reading, so confirmation above resistance is important. Watch for bullish opportunities if RIVN can clear and hold above $17.

Wishing you the best,

Wendy

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