I have been pretty clear on my stance with Rivian thus far. I believe we are in the very beginning stages of it's wave III. If this line of thinking is correct, then this should be a VERY lucrative trade and one I intend to lean into a little harder. I'm watching for a 3 wave retrace into my box and will most likely start buying some more calls. I haven't shopped around yet so if y'all know of a contract with a strike around $25-$30 I'm all ears. Will most likely use a 60-120 day exp. I will update tomorrow as able.
Bonam Fortunam,
--Tyler
Bonam Fortunam,
--Tyler
Note
Idk if y'all have checked, but this stock is up 18.12% since I called the bottom...and it has much much further to go!Trade active
Bought 10 ----Jan 19 $20 callsTrade active
Bought 5----Dec 15 $20 callsNote
Today we either finished all of this little retrace or just the micro a wave. Next day or two will tell us. I work the next two so no new post until Wednesday nightNote
Today was a good day and after market showed people's enthusiasm for Rivian. I would have preferred we made a new high above $18.43. Since we did not there is a chance we fall tomorrow to finish micro c of ii. Given the strength we showed after hours though makes me think ii is over and we are starting iii. Good luck yall and I'll make a new post tomorrow night!Note
In case people are nervous with this drop, the chart below is Tesla before it took off for its 1 of 3. Notice the similarities?Note
On positive divergence and at this time, bottomed in between the 0.618-0.786. I would not be surprised if we move up from here. This could technically just be a though. Because I am working I am not buying anymore at this time.Note
Note
Going to be busy for awhile. I will make a new post tonight though around 2100-2300hrs CST tonight.
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Bonam Fortunam,
--Tyler
Bonam Fortunam,
--Tyler
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Go to ewtdaily.com for DETAILED DAILY UPDATES on 27 unique tickers and a daily zoom call with members to discuss latest analysis and get a 7-day FREE trial
Bonam Fortunam,
--Tyler
Bonam Fortunam,
--Tyler
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.