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Trey021

Rocket Lab - Double bottom or another inverse head and shoulders

Rocket Lab USA, Inc. (BATS:RKLB)  
Trey021  
BATS:RKLB   Rocket Lab USA, Inc.
Trend Analysis Chart Patterns
4
0
trendanalysis chartpattern
Waiting for Rocket Lab to break out of this channel to enter the trade. IMO, two possible scenarios:

1) This could play out as a double bottom with a take profit @ $6.
2) An inverse head and shoulders pattern in which we are currently complete with the formation of an inverse head. Neckline is at $5.

Caution to be exercised around the $5 area to determine which of these scenarios could play out.
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