RKLB seems to be following the Fib chart pretty well with a bounce off the the .618. In my opinion, it will test $24 dollars before earnings. Depending on earnings it will break out past the .50 mark continuing the channel up to at least $26; or the market will not be impressed and the stock will lose support and come down to the long term support again at about $20.If earnings disappoint,
RKLB may continue to see-saw between $17 and $22 until the company can generate more profit with the launch of it's Neutron heavy lift rocket. The test launches were delayed until the end of 2025. However, with expansion into space systems, satellite manufacturing, silicone chips for satellites, and solar array manufacturing RKLB could increase it's margins enough to give investors more confidence until the Neutron launch.
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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.