HOOD was a great set up earlier this year. 2 year consolidation range with multiple failed breakouts. RKLB looks like it may be looking to do the same breakout.
The fractal drawn is HOOD, same drop from IPO, same trough of disillusionment.
Long at $4.90, will add on a retest of the downward resistance at $4.70.
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2nd trounce filled on backtest of the resistance line. Long until IPO price expecting ~3 month timeframe, late sept
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Tranche*
Anyway what we're seeing right now is solid price action. The last 3 times RKLB tried to break out it retested its 21/50 day moving averages bounced and then rolled over.
Another notable thing to notice this time is these moving averages are pointing up instead of down. I'm still confident we get this breakout.
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Might be the week to run this. Picked up Aug 2 5.50 calls.
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not selling
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Breakout retest resumption
トレード終了: 利益確定目標に到達
Unbelievable that i sold this at $10. Hope you guys are mooning