$RKLB - Ugly candle!

Aug 27

RKLB: Today's candle looks really ugly. We need to keep an eye on the critical support area between $6 and $5.80. If this area fails, the stock could drop to the $5 to $4.80 range.

However, if the stock can hold that critical level, it may consolidate between $7 and $5.80.

This is why I took profits on the run to $7. Now, I can redeploy the capital as the stock pulls back.

As always, I share my opinions and trades. I’m not suggesting anyone follow my trades. You do you.