Rivian stock surges 4% due to positive fundamentals: Apple CarKey integration and optimism for the R2 SUV. High trading volume and short interest amplify the movement. Technical analysis on the daily chart shows an ascending trend breaking resistance. The video identifies a long-term resistance zone, near 17.15, after a descending triangle pattern. Initially, buyers struggled, but recent momentum shifts from ceiling to floor, within a descending formation. After breaking through new resistance, the presenter seeks the 15.05 target, with an ultimate target beyond 17.15. The analysis then moves to an hourly chart displaying a break of structure. Important micro-resistances to watch that need to become support include 13.65 and 13.91. Long term target on the channel is 28.00. As long as volume keeps surging in the buyer domination could keep going if the stock pass to use the resistance as support.