Image Source: Pixabay
 

I rarely use indicators, but I’d like to show ONLY the trio of EMAs to illustrate how Rivian (RIVN), over its lifetime, has stabilized and is moving into what I think is a powerful uptrend. Here are three charts showing this, closer and closer:
 

I’m up nicely on the position so far, and the price has dipped less and less below the EMAs each time, which is encouraging.
 

What isn’t so encouraging is that, time and again, right when it seems like this thing is going to roar higher, it flops over like wet pasta. We’ll see if it’s different this time.
 

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