In this short clip from Live Trading Room (06.26.24 / 06.27.24), I discuss Rivian stock and how Volkswagen’s investment has been crucial, creating bullish conditions despite previous resistance.
My note to CLUB/EDGE members on 06.26.24:
"RIVN was all the rage yesterday, but I actually spied a fab short from $16.32 that ended up dropping $3. I also suggested patience as this HAS a great chart & investor in Volkswagen, but it will now need months to bottom and play out."
My note to CLUB/EDGE members on 06.27.24:
"I completely forgot that AMZN has a 17% stake in RIVN + the $13.64 PT from yesterday is getting hit today."
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