Intact

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IntactRivian Automotive, Inc.BATS:RIVNpaper_Trader1775The major upward parallel structure is in tact for now, which is good for bulls but need a close out of the downward parallel channel. If bulls can get a close above 13.25 that would be good because that would hopefully be a bullish movement outside of the minor downward channel and a breakout from the 50 EMA and temporarily confirmed the major upward channel.