Rivian bounces from double bottom: buy signal active, strong momentum

Rivian Automotive is in week 2 of a buy signal, ranking 18th among the 141 Longs already running for US stocks. Signal strength stands at 86 out of 100 — wide move, elevated volatility, manage with discipline. The confirmation week closed bullish and the double bottom in the 14 area is holding: the setup is in place, but the path to the 17 area runs through a resistance that has already pushed back twice.