bbggleo
33 posts



$RKLB: An impressive bounce by the market as a whole after this post. Nevertheless, if you zoom out, you can see a confluence of resistance coming up. Specifically, the 9 ema and the yellow trend line. In order for this to represent an actual reversal, you'd need to see a breakthrough of mid-72's. Again, it's important to remember that after each leg down, buyers will step in and create a bear flag. It was the exact opposite on the way up. All part of the plan IMO. The good news? We're almost to the bottom of the current downtrend. I believe one or two more weeks and we'll likely see RSI and MACD bottom out and trigger buy signals. That's a great time to load up! GLTA and NFA...











$RKLB: I think this one is getting close to completing the handle of the C&H pattern (if not already there). RSI has cooled off a bit as well, and it nearly bounced off 20 sma (in yellow). With the breakup of the Trump-Musk bromance, this could certainly run more tomorrow. GLTA!


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