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.
Note
2nd trounce filled on backtest of the resistance line. Long until IPO price expecting ~3 month timeframe, late septNote
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.
Note
Might be the week to run this. Picked up Aug 2 5.50 calls.Note
not sellingNote
Breakout retest resumption Trade closed: target reached
Unbelievable that i sold this at $10. Hope you guys are mooning
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.