$RKLB - Heaven to Hell and back?

has fallen so fast in such a short time that the MACD went straight from heaven to hell. 😂 Just kidding.

Well, not really... I genuinely meant it literally. You see, the speed of the sell-off was so intense that the MACD dropped from its highest point ever to the lowest in the history of this stock’s existence.

So, what’s next? Well, things are looking up... as long as Trump’s next post isn’t something like, “There will be pain, you will learn to love it and it will be worth it.”

Why do I say it’s looking up? Well, after you’ve been to hell, everything else feels like heaven.

It’s the same concept: the MACD is trying to climb back out of the hellhole it’s found itself in. The climb will be hard, treacherous, and painful. But it will be worth it. 📷

What’s fueling this unwavering determination to climb out of the hellhole?

Well, the stock has fallen into what I call a “golden reversal area,” which is the Fibonacci retracement level between 50% and 61.8%. Stocks normally try to make a reversal from this golden reversal area—as long as it’s not a shitty company.

So, what are the target and support areas? Well, you have eyes, I presume. Look them up on the chart.

Why should I believe you? Well, you don’t have a choice. Just trust me, bro, or don’t. What do I care?🤷‍♂️

I reserve the right to be WRONG and RIGHT. If I’m RIGHT, I’ll be in your face. If I’m WRONG, I’ll keep quiet and hope you forget about this post. 🤣

PaperBozz

I am not a licensed professional. None of the posts that I published are investment advice. Do your own research.

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PaperBozz

I am not a licensed professional. None of the posts that I published are investment advice. Do your own research.

Also on: