Rocket Lab setting up for a strong reversal. PIPE dry? 🚀
RocketLab has a few catalysts coming up.
The sell off was due to the PIPE being unlocked. This isn't a high redemption SPAC pump and dump, I don't expect this to fall any further than $12.30. Strong buying there.
Nice doji reversal on the weekly with selling pressure easing on the indicators.
Cost to borrow is going down which indicates it's not as lucrative to short.
Looking for $15+ by mid November and a run up to $20+ towards EOY due to reward structure for management if they close there for a set amount of dates.
The sell off was due to the PIPE being unlocked. This isn't a high redemption SPAC pump and dump, I don't expect this to fall any further than $12.30. Strong buying there.
Nice doji reversal on the weekly with selling pressure easing on the indicators.
Cost to borrow is going down which indicates it's not as lucrative to short.
Looking for $15+ by mid November and a run up to $20+ towards EOY due to reward structure for management if they close there for a set amount of dates.
Trade active
on target, expecting accumulation before next leg up.Trade active
Looking for accumulations between $14.90-$16.00 before the next leg to $17.50+
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