Long RKLB
Observing this weekly timeframe alongside a four hour timeframe, there has been a strong accumulation around this price range. This may be a good time to enter LONG, calling for a bullish trend upon us. After being down for consecutive months since July and the consistent insider selling its being bought up around the lower $4 range. Itll have to break resistance around 5.22, beyond that would be 6.60 and finally my price target of 7.79.
on the left side on the four hourtime frame ive added a volume weight average price indicator suggesting the bullish green candles are backed with good amount of buyers.
on the right side we've gotten 3 consecutive green days or bullish candles buyers have deemed this price range cheap and a potential moment in time for the price to break out.
on the left side on the four hourtime frame ive added a volume weight average price indicator suggesting the bullish green candles are backed with good amount of buyers.
on the right side we've gotten 3 consecutive green days or bullish candles buyers have deemed this price range cheap and a potential moment in time for the price to break out.
Note
Looks good from a technical standpoint, price was deemed cheap aroound mid 4s the recent deal announced on dec 21/23 catapulted the price action back to the upside. from a fundamental view they are not yet profitable so it is interesting how the current valuation is still undervalued and down from its high of 7-8s just a few months ago.
infamousnicone
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.
infamousnicone
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.