Long

Rocket Labs RKLB price forecast 2023-2024

Updated

Rocket Labs 2022 is looking very similar to NIO 2019 (price peaked at $10 in 2018, crashed to $1.50 in 2019, then went to $60 in 2021).

I expect RKLB to dip below $5 in the next few months, followed by some internal shakeup (like a new CFO), and then blast off into space.

Trade active

Note

My 1st price target is between $10 to $15 in Q4 '22 (~October 7).

Note

I expect RKLB to go sideways until ~June 10 - July 11. Good luck.

Note

hopium
businesswire.com/news/home/20220609005322/en/Rocket-Lab-selected-by-Ball-Aerospace-to-Power-NASA’s-GLIDE-Spacecraft

Rocket Lab has been selected by Ball Aerospace to manufacture the Solar Array Panel (SAP) to power NASA’s Global Lyman-Alpha Imager of Dynamic Exosphere (GLIDE) mission spacecraft planned to launch in 2025.

GLIDE is a heliophysics mission intended to study variability in Earth’s atmosphere. The GLIDE spacecraft will launch with another Rocket Lab-powered spacecraft, also built by Ball Aerospace, the National Oceanic and Atmospheric Administration’s (NOAA’s) Space Weather Follow On-Lagrange 1 (SWFO-L1).

SWFO-L1 is a heliophysics mission that will collect solar wind data and coronal imagery to meet NOAA’s operational requirements to monitor and forecast solar storm activity.

“Rocket Lab has become the ‘go-to’ provider of space solar power and space systems products throughout the space industry, including for ambitious heliophysics missions like GLIDE,” said Rocket Lab founder and CEO, Peter Beck. “I am grateful to our partners at Ball Aerospace for selecting Rocket Lab and excited to be working with them to support NASA’s Heliophysics missions to deliver advanced science.”

Note

Set the controls for The Heart of The Sun.

Note

"Liftoff! #CAPSTONE launched aboard a Rocketlab Electron rocket to pave the way for future nasaartemis missions to the Moon and beyond. "
twitter.com/NASA/status/1541723931870208002

Note

cnn.com/videos/business/2022/07/05/rocket-lab-ceo-capstone-artemis-mission-firstmove-vpx.cnn

CNN coverage. Let the bull run commence.

Note

The serpent is rising.

Note

Rocket Lab Announces Second Quarter 2022 Financial Results and Guidance for Third Quarter 2022

* Record revenue of $55.5 million, representing 36% sequential quarter-on-quarter growth and 392% Year-on-Year quarterly revenue growth

* Third quarter revenue expected to range between $60 million and $63 million

My technique puts you ahead of the news.

Trade closed manually

Closed most of my position at yesterday's close

Trade closed manually

fully closed yesterday above $6

Trade active

I am once again long RKLB

Note

Fly me to the moon
Let me play among the stars

Let me see what spring is like
On Jupiter and Mars

In other words, hold my hand
In other words, baby kiss me

Note

"New Zealand's government said on Monday it would be reviewing the country's space policy and launching an aerospace strategy as part of an effort to grow the sector.

New Zealand has a small but growing space industry, which produced estimated revenue of NZ$1.75 billion ($1.06 billion) in the 2018-19 financial year, according to a report commissioned by the government in 2019.

The most well known company is launch firm Rocket Lab USA Inc (RKLB.O), which launches rockets out of a small town on the country's east coast."

reuters.com/business/aerospace-defense/new-zealand-announces-space-policy-review-new-space-strategy-2022-09-05/

Trade closed manually

Taking some profit here due to the hidden bearish divergence on RSI (daily).

Note

I expect a rebuy opportunity later this year (Feb and/or June)

Note

From here I expect RKLB to return to support, then dip below for liquidity under $3.50

Trade active

cautiously long

Trade active

more long

bluedog360

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.