RKLB trade ideas
$RKLB - Can we launch?NASDAQ:RKLB Rocket Lab's prior setups were destroyed by the news of the convertible debt offering. We are now working with a new triangle setup.
The stock bounced from the lower trendline and is currently trading at the Point of Control (POC) volume resistance. The price needs to climb above $4.50 to clear the volume resistance.
Closing above $5.50 will validate the triangle breakout, potentially launching the stock higher to the $7.50 area.
The only things that can destroy this setup are a launch failure or Peter selling millions of shares again.
Upside targets:
$5
$5.50 (major resistance)
$6
$7.50
Downside risk:
$3.50
$RKLB - Can we see a turn?NASDAQ:RKLB Rocket Lab printed a hammer on Friday and closed above the 50DMA and a Fib, signaling a potential bottom.
In the near term, the stock is trading inside a descending wedge, and a breakout could send the stock to $5.50.
On the longer-term timeframe, the stock is trading inside a triangle with the cup and handle pattern, with a projected measured move of $7.50.
In a bearish scenario, I don't think the stock can go down below the $4.60 to $4.50 area, barring catastrophic events such as a launch failure, war, etc.
Upside targets:
$5.50
$6.80
$7.50
Downside risk:
$4.50
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$RKLB - Get your dry powder readyNASDAQ:RKLB Looks like I am going have to get my dry powder ready. Looking like it is heading for the $4.60 to $4.50.
It is basically close to wiping out all the gains from $550 million government contract announcement.
Sometimes, I just don't understand the negativity on this stock.
๐ Rocket Lab (RKLB) ๐ Rocket Lab (RKLB) achieved ten successful launches in 2023 and secured a $515 million US government contract, leading to a 22% surge in shares.
The company's success contributes to a 40% increase in shares this year, maintaining a bullish sentiment with an upside target of $7.50-$8.00 and support at $4.00-$4.10. ๐๐ฐ๏ธ
#RKLB #StockMarket
$RKLB Support and Buying Opportunities Rocket Lab USA has broken through the ceiling of a falling trend channel in the medium long term. This indicates a slower falling rate initially, or the start of a more horizontal development.
The price has reacted back after the break of the rectangle formation. There is support around $5.14, which now indicates good buying opportunities. An established break through this support will neutralize the positive signal.
NASDAQ:RKLB is approaching resistance at 5.60 dollar, which may give a negative reaction. However, a break upwards through 5.60 dollar will be a positive signal.
Long RKLBObserving 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.
$RKLB - WTF?BOZZ stock update: NASDAQ:RKLB
Ouch! Let's get real. How many of you expected to wake up, see the stock in the red, and then watch it close the day down nearly 11%?
This, after a successful rocket launch, Powell's pivot, and a flood of great economic news?
It's a bizarre failure-to-launch case.
The company trades like a garbage stock so pungent that everyone steers clear of it.
So, what happened? My theory: opex + day trader short frenzy. This stock is a day trader's short dream. You can genuinely drive the stock down and squash any momentum it has with about 50K to 100K shares. Why? Because it has a large float with disproportionately low average daily volume.
Technically, you can see that since the stock broke below 200DMA, it has struggled to get above it. Thanks Peter. The moment it breaches or nears 200DMA, a hard rejection slams it down. Rejections are so hard that you could even develop PTSD from them.
The accumulation distribution nosedives after today's sucker punch breakdown. Luckily, the POC support came into play; otherwise, it would have been worse.
What could happen next? Well, I think the stock might attempt to launch from the POC area and strive to get above that 200DMA. The catalyst? Maybe fund managers and retail traders who missed this bull run, looking around for a decent company left behind in the dumpster in this bull run? I don't know. ๐คท๐ป
The price targets from the Dec 2 post still stand. I still anticipate reaching $6.50 in the medium term.
But in the meantime, $5 to $5.50 is going to be a pain in the butt. So enjoy the pain. ๐ฎโ๐จ
@Peter_J_Beck, I love you but you better not be selling the stock again. ๐ก
$RKLB - An updateUpdate to the November 11 Post: NASDAQ:RKLB
Rocket Lab is currently trading within a symmetrical triangle, consistently testing the upper trendline. Both RSI and MACD indicators continue to exhibit bullish divergence. Notably, the accumulation distribution is at an all-time low, even as the price remains flat.
The accumulation distribution is currently lower than when Rocket Lab was trading at $3.50. In recent days, it has started to curl up, suggesting that selling pressure may be easing.
While the stock may experience an uptick leading up to the December 13th launch, the market appears to be awaiting this event to determine the next direction for the stock.
Upside targets:
$5
$5.50 (strong resistance)
$6.50
Downside risk:
$3.50
ROCKET LAB can give +100% return. Best stock opportunity now?Rocket Lab USD (RKLB) has been consolidating for exactly one month (blue Arc pattern) after touching the Higher Lows Zone and now uses the 1D MA50 (blue trend-line) as its Pivot. We can see the very same consolidation pattern during the previous two market Lows (April - May 2023, June - July 2022), which gave enormous rallies of +114.46% and +105.08% respectively.
Similar with today's pattern, each bottom was priced on a 1D RSI Higher Lows sequence, which is a major Bullish Divergence. As a result we consider this one of the best high cap stock buy opportunities at the moment, and aim for at least a +105.08% rise, targeting $8.20.
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ROCKET LAB: Bottom formation complete. Expect strong rise.RKLB is trading inside a Channel Up for 15 months and is near its bottom HL trendline. Being bearish but close to neutral on the 1D technical outlook (RSI = 43.294, MACD = -0.060, ADX = 22.552), the price is undergoing a similar Bottom formation as March-May. On both sequences the 1D RSI was rising on an HL trendline.
Having completed a -50% decline from the Channel's top, the stock will gives us the buy validation when it closes the first 1D candle over the 1D MA50 for the first time since September 5th. We will buy and aim for the 0.618 Fibonacci level (TP = 6.15) even though we may see a bigger rise to the top of the Channel Up for a new HH.
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$RKLB - Can it move up?NASDAQ:RKLB Rocket Lab is up against the upper trendline of the broadening wedge. While the price remains flat, both the RSI and MACD show bullish divergence, signaling the buildup of buying pressure.
Conditions are favorable for the price to move upward.
Everything depends on the success of the next Electron launch scheduled end of November.
Potential upside targets: $5, $5.50, $6.50
Downside risk: $3.50