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Rocket Lab USA, Inc.Rocket Lab USA, Inc.Rocket Lab USA, Inc.

Rocket Lab USA, Inc.

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RKLB trade ideas

$RKLB - Saucer or rounding bottomRocket lab has been in down trend and has formed a saucer reversal pattern with the volume increased on the right side of the saucer. However it was rejected at the lips of the saucer around $7.24 area and hence retreated. The stock currently out of overbought condition from ER run up. If the price retest and break above the $7.24 lip area, the stock have potential further upside to $9 area. Target - $9 Condition - the price must break above $7.24 lip area. Risk - retreat to $5.11 ------------------------------ Disclaimer: Not investment advice. Trade at your own risk.
NASDAQ:RKLBLong
by PaperBozz
Are Rocket Lab’s shares undervalued? In comparison with perceived market-leader SpaceX, Rocket Lab USA's (NASDAQ: RKLB) valuation is underwhelming. Given its $2.5 billion market capitalization, Rocket Lab is eclipsed by the $127 billion SpaceX. However, analysts believe that assessing Rocket Lab's true worth warrants a look beyond its immediate financial results and into the pieces it is adding to the game. Looking beyond valuations, Rocket Lab had been operating at a loss for at least the last 12 months. Despite this, it saw its shares grow 26% over the last month. It hit $5.55 on Aug. 4 when its launched a U.S. spy satellite in New Zealand atop its Electron booster. It reached another high on Aug. 8 at $5.60 before closing the day at $5.45. From a more macro point of view, Rocket Lab’s stock price is traveling in line with other SPAC listings, down 55% for the year-to-date. Which opens the question as to why it is not more in line with defense stocks, such as iShares U.S. Aerospace & Defense ETF (up 1.73% YTD), which appear to be benefiting from the increase in US defense spending. Bearish Second-Quarter Forecast Rocket Lab is set to announce its results for the quarter ended June 30 on Aug. 11. It expects EBITDA loss to be between $3.5 million and $5.5 million and for its revenue to be somewhere within the $51 million to $54 million range. The company is expected to record normalized loss per share of $0.06. In the first quarter of 2022, the company recorded adjusted loss of roughly $8.0 million and a 124% year-over-year hike in revenue to $40.7 million. Despite the bearish expectations for the upcoming results, it can be observed that the loss Rocket Lab has been reporting becomes less than the previous period. The company may not be far from breaking even at the rate it is going. Retaining Confidence The Aug. 4/5 launch for the U.S. National Reconnaissance Office managed to boost confidence for the company, enough to lift its stocks to $5.55. The mission marked the 146th satellite deployment from the Electron booster to date. But as noted above, Rocket Lab may not have experienced the full impact of the increase in US defense spending. Additionally, the company is currently developing Neutron, a reusable booster planned to be 40 meters high and to have a 7 meter diameter. It is a medium-lift rocket designed for the deployment of mega-constellations, human spaceflight and deep space missions. The first flight of Neutron is planned for 2024. The reusable aspect of the Neutron could be a make or break product for Rocket Lab. If successful, the reusable Neutron can carry out more launches and generate more revenue over a definite period. It can eventually lead to better gross profits as it will help reduce production costs. In this respect Rocket Lab may offer an asymmetric risk/reward at current valuation due to potential profitability gains, both through diversification and with attempts to reuse the Electron booster.
NASDAQ:RKLB
by BlackBull_Markets
$RKLB - Can we break out this time?Rocket Lab has been in a descending wedge and every attempt at breaking out of the pattern has been rejected so far. It looks like a breakout is possible this time. If the price can break above $10, the pattern breakout is confirmed and the price can travel to around $15 with resistance areas along the way with $10 and $11.74 being most significant. A bull might bet on a possible breakout with a stop loss below $7.50. Target 1 - $10 Target 2 - $11.74 Target 3 - $15 Stop - $7.50 Risk - break below $7.50 and fall to $5.86. ——————————————————— How to read my charts? - Matching color trend lines shows the pattern. Sometimes a chart can have multiple patterns. Each pattern will have matching color trend lines. - The yellow horizontal lines show support and resistance areas. - Fib lines also show support and resistance areas. - The dotted white lines show the price projection for breakout or breakdown target. Disclaimer: Not investment advice.
NASDAQ:RKLBLong
by PaperBozz
$RKLB - Possible descending wedge break out playRKLB broke down from the rectangle and paid the measured move in full. It has formed the descending wedge pattern with the price about to break out of the upper trend line area. The breakout is confirmed if the price breaks above $10.20 area with maximum near term reach of $12.74 area. If the momentum allows, the price could travel further up to $14.37 area. If the breakout fails, the price could travel back to $8.40 and $7.50 area and could form a double bottom. Target 1 - $12.74 Target 2 - $14.37 Target 3 -$16.37 Risk - failure to break above $10.20 and fall back to $8.40 to $7.50. ——————————————————— How to read my charts? - Matching color trend lines shows the pattern. Sometimes a chart can have multiple patterns. Each pattern will have matching color trend lines. - The yellow horizontal lines show support and resistance areas. - Fib lines also show support and resistance areas. - The dotted white lines show the price projection for breakout or breakdown target. Disclaimer: Do your own DD. Not investment advice.
NASDAQ:RKLBLong
by PaperBozz
$RKLB - A case of inverse head and shoulder failure.Inverse head and shoulder failed and price has retraced back to head area around $12 which could be a strong support. If the support held the price could bounce back to $16.50 area. Target 1 - $14 Target 2 - $16.50 Risk - break down below $12 support ——————————————————— How to read my charts? - Matching color trend lines shows the pattern. Sometimes a chart can have multiple patterns. Each pattern will have matching color trend lines. - The yellow horizontal lines shows support and resistance areas. - Fib lines also shows support and resistance areas. - The dotted white lines shows price projection for breakout or breakdown target. Disclaimer: Do your own DD. Not an investment advice.
NASDAQ:RKLBLong
by PaperBozz
1
Rocket lab - Bullish channel + cataclystHey tradingview community, This is my first publication so go easy on me. RocketLab is showing bullish signals with an ascending parallel channel (Higher Highs & Higher Lows). The next strong resistance is @ 16.18-16.30. This resistance will probably be broken because of a cataclyst coming up: the reveal of Neutron on the 2nd december. I think it's possible to see 18-19 before 2022. Overall I'm long rklb and own shares (@11). Selling covered call 21JAN22 @20. Remeber: not financial advice, just reading some charts.
NASDAQ:RKLBLong
by UnknownUnicorn7024067
$RKLB - Inverse head and shoulder watchRocket lab is in Inverse Head and Shoulder pattern and has struggled to break above the neck line and has retraced to shoulder line around $14.34. Break above the neckline could send the stock to $20. Target 1 - $18.56 Target 2 - $20 Risk - Unable to break above the neck line and break below shoulder line around $14.34. ——————————————————— How to read my charts? - Matching color trend lines shows the pattern. Sometimes a chart can have multiple patterns. Each pattern will have matching color trend lines . - The yellow horizontal lines shows support and resistance areas. - Fib lines also shows support and resistance areas. - The dotted white lines shows price projection for breakout or breakdown target. Disclaimer: Do your own DD. Not an investment advice.
NASDAQ:RKLBLong
by PaperBozz
Rocket Lab setting up for a strong reversal. PIPE dry? 🚀 RocketLab has a few catalysts coming up. The sell off was due to the PIPE being unlocked. This isn't a high redemption SPAC pump and dump, I don't expect this to fall any further than $12.30. Strong buying there. Nice doji reversal on the weekly with selling pressure easing on the indicators. Cost to borrow is going down which indicates it's not as lucrative to short. Looking for $15+ by mid November and a run up to $20+ towards EOY due to reward structure for management if they close there for a set amount of dates.
NASDAQ:RKLBLong
by tohsined
1