RKLB — gap-reversal

Summary

Space company delayed the first launch of its Neutron rocket, 10% gap from the news. Also, it's been downtrending, which makes the gap even better. It has a quick spike at the open and starts to capitulate. The volume wasn't the best, but it looked right to me at the moment. Got in as it broke above the previous bar's high, and after some time going back and forth on price action, I decided it wasn't working. It should immediately push higher if it was going to work. So I got out for half my risk. Later on, it finally capitulated with big expansion bars and great volume. Sold half as it pushed close to the start of the drop and the rest as it finally broke the previous low. Only added the first trade to the stats, where I got faked out. The other trade had a clearly better outcome, with a 3.3 risk-reward, but both looked good. The first one wasn't as good because of the lack of volume.