Rivian Automotive, Inc.
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Rivian Power Surge!

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Rivian is gaining bullish momentum, with a gap forming around the $9.00 level. A breakout above the $12.33 resistance would signal continued strength, positioning the stock to reach the $18.91 weekly resistance. This trade offers a strong risk-to-reward ratio, with a stop-loss set at $8.28 to manage downside.

In the longer term, RIVN has the potential to reach $28.06, supported by its growing position in the electric vehicle (EV) market. With rising demand for sustainable transportation and Rivian’s focus on high-performance EVs, the company is well-positioned for future growth. Strategic partnerships, such as those with Amazon for electric delivery vans, enhance Rivian’s revenue prospects and visibility in the market, bolstering its longer-term potential.

This combination of technical momentum and favorable market fundamentals supports a bullish push toward $18.91 in the near term, with $28.06 as a longer-term target.

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