These are our two pure play space stocks, RDW and RKLB: The entire sector is taking a mild hit today, bringing these two triple digit winners close to their trailing stop price levels. It's a tough call, but trade management demands some discipline. I find myself taking profits and then jumping back in when the stocks break above previous highs. Its one of those, "hold your nose and buy," kind of trades, but most do work out. I keep updating these two charts to make decision making easier. RDW Assume RDW is headed into the $40s to $50s by or before the June 12th SpaceX IPO. That doesn't mean ignore trailing stops, only that if stopped buy any subsequent reversals back up. RKLB The upward sloping trend channel from 2024-2025 remains in control, with higher prices due into mid-summer. As with RDW, if stopped, we will dive back in on any fresh breakouts. TSLA Buy with both hands above $445* *Yes, I include TSLA as part of our triumvirate of space stocks, if for no other reason than its proximity to Elon and SpaceX, whether it be by merger or simply success by association. TSLA is a $1,000 stock, if not this year, then next. You can take that to the bank. To be continued...
