[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]  Strats Labs [@StratsLabs](/creator/twitter/StratsLabs) on x 5026 followers Created: 2025-06-02 16:06:48 UTC Trade Update ✍️ Rivian Automotive, Inc. $RIVN has displayed weakness over the past couple of weeks, while $TSLA has risen as its most anticipated Robotaxi event on June XX approaches, with Elon Musk returning to $TSLA after stepping down as an advisor at DOGE. Both $RIVN $LCID showed lackluster performance as $TSLA displayed strength. There is nothing particularly strong for $RIVN and the stock has been following the overall market sentiment on tariffs. Technical Analysis: 📄 On a weekly chart, $RIVN saw resistance at 50-day moving average while venturing inside the long standing resistance zone as shown in yellow zone and if you look left, the candle pointed by the blue arrow marks the start of that zone, which has been respected by the price multiple times as you can see both as a support later turned into resistance from Feb' XX. Price had a triple top pattern and is likely coming downward, as confirmed by the bearish divergence between price and MACD as shown by diverged red lines. This bearish perspective is also inline with the long term bearish trend as can be visible by the wide moving average stack. To exploit this opportunity, we deployed two bearish strategies. - Bought August put vertical debit spread (bear put) - Sold July put vertical credit spread (bear call) We evenly distributed risk among both positions. Our intention is to close the positions in profit when $RIVN falls to $XX a share, which could come in the next couple of weeks, after perhaps a short term bounce. This is a high probability trade perspective with top chart patterns combined with defined risk options strategy. This is not financial advice and please do your own research. If you like this post, please 💛 and repost.  XXXXX engagements  **Related Topics** [$lcid](/topic/$lcid) [elon musk](/topic/elon-musk) [$tsla](/topic/$tsla) [$rivn](/topic/$rivn) [automotive](/topic/automotive) [rivian](/topic/rivian) [rivian automotive inc](/topic/rivian-automotive-inc) [stocks consumer cyclical](/topic/stocks-consumer-cyclical) [Post Link](https://x.com/StratsLabs/status/1929570404009467958)
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Strats Labs @StratsLabs on x 5026 followers
Created: 2025-06-02 16:06:48 UTC
Trade Update ✍️ Rivian Automotive, Inc.
$RIVN has displayed weakness over the past couple of weeks, while $TSLA has risen as its most anticipated Robotaxi event on June XX approaches, with Elon Musk returning to $TSLA after stepping down as an advisor at DOGE.
Both $RIVN $LCID showed lackluster performance as $TSLA displayed strength. There is nothing particularly strong for $RIVN and the stock has been following the overall market sentiment on tariffs.
Technical Analysis: 📄
On a weekly chart, $RIVN saw resistance at 50-day moving average while venturing inside the long standing resistance zone as shown in yellow zone and if you look left, the candle pointed by the blue arrow marks the start of that zone, which has been respected by the price multiple times as you can see both as a support later turned into resistance from Feb' XX.
Price had a triple top pattern and is likely coming downward, as confirmed by the bearish divergence between price and MACD as shown by diverged red lines.
This bearish perspective is also inline with the long term bearish trend as can be visible by the wide moving average stack.
To exploit this opportunity, we deployed two bearish strategies.
- Bought August put vertical debit spread (bear put)
- Sold July put vertical credit spread (bear call)
We evenly distributed risk among both positions.
Our intention is to close the positions in profit when $RIVN falls to $XX a share, which could come in the next couple of weeks, after perhaps a short term bounce.
This is a high probability trade perspective with top chart patterns combined with defined risk options strategy. This is not financial advice and please do your own research.
If you like this post, please 💛 and repost.
XXXXX engagements
Related Topics $lcid elon musk $tsla $rivn automotive rivian rivian automotive inc stocks consumer cyclical