$RKLB - Inverse head and shoulder watchRocket lab is in Inverse Head and Shoulder pattern and has struggled to break above the neck line and has retraced to shoulder line around $14.34. Break above the neckline could send the stock to $20.
Target 1 - $18.56
Target 2 - $20
Risk - Unable to break above the neck line and break below shoulder line around $14.34.
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How to read my charts?
- Matching color trend lines shows the pattern. Sometimes a chart can have multiple patterns. Each pattern will have matching color trend lines .
- The yellow horizontal lines shows support and resistance areas.
- Fib lines also shows support and resistance areas.
- The dotted white lines shows price projection for breakout or breakdown target.
Disclaimer: Do your own DD. Not an investment advice.
Rklb
Rocket Lab setting up for a strong reversal. PIPE dry? 🚀 RocketLab has a few catalysts coming up.
The sell off was due to the PIPE being unlocked. This isn't a high redemption SPAC pump and dump, I don't expect this to fall any further than $12.30. Strong buying there.
Nice doji reversal on the weekly with selling pressure easing on the indicators.
Cost to borrow is going down which indicates it's not as lucrative to short.
Looking for $15+ by mid November and a run up to $20+ towards EOY due to reward structure for management if they close there for a set amount of dates.
Blacksky Uncertain or Overlooked?Hello, Blacksky is a satellite company that has grown alot and recently went public through a SPAC by SFTW. Now this company aims to give real time data unlike the traditional methods that could take days or even weeks to get.
News
-Rocket Lab, RKLB, will be launching two rockets with Blackskys satellites on them, roughly 6 in total new sats not sure on the actuall number, starting on Nov 11 for the first and second Nov 27.
-Blacksky ER and PLTR ER, PLTR has Blacksky program/software connected to their foundry system so if PLTR can report growth on the Foundry system it will be great for Blacksky's ER
-Blacksky partnered up with reseller AllSourceAnaylist
-S1 filling giving the warrents a price of $11.50-$20
-Blacksky ER is on Nov 12 preMarket
TA
-RSI Neutral
-MACD Leans Bearish
-Support at the 50ema and $9.57
-Reistance at $10 and $10.66
Final Thoughts
I personally own 900shares and believe this company with the upcoming catalyst will shock the investors, since on Fintel theres zero shares to short with a 2x borrowing and maintenance fee. One major move of success from the launch or ER will drastically push this stock since its on track to double their rev next year and continue growth. ZERO downside in the short and long term.