The Long Investor
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$RKLB
🕑 Added 2025-01-13 18:12:06 +0000 UTCI would be concerned about this set up if I was currently holding $RKLB
We have seen a lot of setups like this that have all fallen to the downside after going very parabolic and this looks no different.
Losing the $23.50 support line and the blue line and the 50 Day MA come in to play at $21....below this level and we are into an ABC correction, with the 0.618 Fib at $13 always being the standard target.
I would not be heavy here now and trimming makes a lot of sense.
Comments
Sam
These charts always seem to get posted at the right time 🤝
A.S.
Hope we get a chance to buy again at $10 or less
