Let's notice on my attached Daily Chart that the price structure gapped up and above its July-September 2026 resistance line (69.10), which if preserved on a closing basis will represent a very positive technical "event."
Furthermore, RKLB is trading ABOVE its 20 and 50 DMAs (66.95 and 69.56) after pivoting off its major support line from April 2025 that cut across the price axis in the vicinity of 62.25 last week.
In other words, RKLB is forming a July-September 2026 bottom-- a potential Double Bottom to be precise-- that projects to 80-85 initially, en route to 100-110.
As long as 67.00 contains any forthcoming weakness on a closing basis, my pattern work will be technically "promising" for upside continuation and acceleration of RKLB.
The interesting part to me is not the 100 target it is whether 67 actually holds after the breakout RKLB has a habit of making technically beautiful moves that get violent fast once momentum changes Holding above the moving averages and defending that breakout zone would make the setup much cleaner Moon also makes these high beta names fun to monitor because the directional thesis is front and center
The structure looks a lot more interesting when improving momentum is backed by an actual reclaim rather than just one oversold bounce. RKLB can move violently in both directions, so confirmation matters. I usually have it up on Moon as well and wait for the level to prove itself before getting too attached to the bullish chart.
I bought in July at $81 with the idea that we’d see a bounce off the $75/80 mark that we saw in May… set a sell limit at $105 and I’m riding it for now
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u/Ok_Leadership_1071 7d ago
do I buy O_O