Rocket Lab USA (RKLB)
RKLB was rejected at the 38.2% Fibonacci retracement level of the July through April sell-off. The stock has just benefited from a golden crossover of the 200-day SMA by the 50-day SMA. Now, the stock after testing the lower bounds of our Pitchfork model has exceeded the central trendlines and could run for the upper trendline. Relative Strength is excellent. The daily MACD is postured quite bullishly.
Target Price: $7.25
Pivot: $5.60
Add: On retest of central trendline and down to 21-day EMA.
Panic: Break below the 200-day SMA.
Target Price: $7.25
Pivot: $5.60
Add: On retest of central trendline and down to 21-day EMA.
Panic: Break below the 200-day SMA.
Note
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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.