Prediction. Rivian will leave the teens forever this week.
Rivian has been fighting to leave its current range for about a month now. Even a historic earnings release didn’t produce enough positive volume to escape…until Friday. The shorts have loaded up with shares and covered their position. This has been a planned smear campaign on EV’s while driving the price down so they can buy more shares. Remember the heavy shorting and retail smear campaign against semis a few months ago?
This. Is. What. They. Do. BTFD
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