$RKLB - What's next?
RKLB Since all three targets that I published have been hit, you might be wondering what my next targets are. Well, if it can close above $10.50, we have a shot at $11.65 to $12.69 next. 🚀Keep in mind, though, a rejection can trigger a pullback to the $8 and $7 area. So, I would plan for what I would do in that case.
There are certainly risks now that the stock is close to the pre-SPAC price. So, it is not all going to be clear skies and sunshine.
Here are the things that can trigger a sell-off:
1. Pre-IPO investors taking profit, like Khosla Ventures.
2. An additional capital raise. This is certainly possible.
3. Insider selling in large numbers. When Peter sold his shares last time, the stock took a nosedive. Remember that?
4. Upcoming ER disappointment.
5. Competition risk.
These are realistic threats to the current rally.
You may have heard of it: Bulls make money, bears make money. Pigs get slaughtered.
Don't be a pig!
As always, I share my opinions and trades. I'm not suggesting anyone follow my trades. You do you.
I am not a licensed professional. None of the posts that I published are investment advice. Do your own research.
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