Rivian Automotive ( RIVN) announced a recall Monday of virtually all of its production. Market commentators have been on both sides of the TV discussion with some suggesting this was "no big deal" and others expressing tales of the grim reaper.
In our last review of RIVN on September 9, we wrote that "RIVN needs more sideways price action to entice me to recommend the long side." Let's check again. 
In this daily bar chart of RIVN, below, we can see that prices are trading below the declining 200-day moving average line and below the 50-day moving average too. There is some minor support around $30 but that looks like it will break.
The On-Balance-Volume (OBV) line is turning down and the Moving Average Convergence Divergence (MACD) oscillator is close to crossing below the zero line for an outright sell signal.
In this weekly Japanese candlestick chart of RIVN, below, we see a mixed picture. Prices trade below the declining 40-week moving average line. The weekly OBV line shows improvement but the MACD oscillator is below the zero line.
In this daily Point and Figure chart of RIVN, below, we can see a downside price target in the $25 area.
In this weekly Point and Figure chart of RIVN, below, we also have that same $25 price target.
Bottom line strategy: I have no special knowledge about how much this recall will cost RIVN but the charts are pointed down. Continue to avoid the long side of RIVN.
