RIVN (Rivian Automotive) will offer an objective long on a break above the 16.10 resistance or the 50-day EMA just above with an alternative add-on or entry on a solid daily close above with a suggested stop using at least a 2:1 R/R to one’s preferred price target(s) & their entry price. T1 (just below the 20.93 resistance) is the sole price target at this time with the potential for additional targets (shown on chart), assuming the entry criteria are triggered & depending how the charts develop going foward. Daily chart below.
RIVN daily June 16th