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HandsomeSloth

RKLB lost in the void. H&S played out. Target $4 to buy for LT.

Long
Rocket Lab USA, Inc. (BATS:RKLB)  
HandsomeSloth  
BATS:RKLB   Rocket Lab USA, Inc.
Support and Resistance Head and Shoulders Trend Lines
3
1
supportandresistance headandshoulders trendline
RKLB has a summer-bubble and was finally able to break and stay above ~$5.25/share. This bubble was unfortunately a head and shoulders, which, after today's failed launch, saw acceleration to the downside.

Now we're solidly in the middle of what I hope is a new, large descending wedge. Hopefully we see bottoming out around $4/share or even $3.50/share again.

To anyone who got in at the lows of the day ~$4.20/share, congrats on your quick win.
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