Image Source: Pixabay
 

Rivian (RIVN) remains my only long. Volume has been picking up nicely, and the basing pattern is a beaut.
 

As I’ve said repeatedly, the problem with RIVN is that just when it seems to be ready to launch, it poops out. This is the 4th instance of a completed base, and the prior three have yielded nothing helpful.
 

My hope, and I hope it’s not a deluded one, is that the superset – – that is, the sum of these patterns – – has finally amalgamated into something truly potent. Taken together, these multiple failed basis constitute a handsome right-triangle base which has finally completed.
 

I used to never see Rivians, yet now I see multiple of them every day. They have always been beautiful vehicles, and I think the company might have a terrific future ahead of it.

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