I refuse to let this stock defeat me. Previous predictions have been stifled by news cycles and bearish trends from the overall market.
We know
RKLB delayed its launch of it's Neutron heavy lift rocket until the tail end of 2025, and the company does not expect to be profitable until this rocket goes into service. However, with recent acquisitions and CHIP act awards we know the company is scaling it's satellite and space system ecosystem for even more revenue streams.
As far as the stock price is concerned, the recovery seems to be in progress with a cup forming. We will see if this turns out to be a full Cup & Handle and if it is, where the handle will form. In my opinion, the handle will begin to form around the $23.50.
In the meantime, we have to cross some tough resistance at $20 and $22. However, there is strong support at $16.
We know
RKLB delayed its launch of it's Neutron heavy lift rocket until the tail end of 2025, and the company does not expect to be profitable until this rocket goes into service. However, with recent acquisitions and CHIP act awards we know the company is scaling it's satellite and space system ecosystem for even more revenue streams.As far as the stock price is concerned, the recovery seems to be in progress with a cup forming. We will see if this turns out to be a full Cup & Handle and if it is, where the handle will form. In my opinion, the handle will begin to form around the $23.50.
In the meantime, we have to cross some tough resistance at $20 and $22. However, there is strong support at $16.
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.
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.