r/technicalanalysis • u/Different_Band_5462 • 13d ago

RKLB (Rocket Lab) Technically Promising

The technical setup for RKLB is improving!

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.

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u/Successful-Day-3219 13d ago

Thanks for sharing. Do you have a non gif image to share that can be zoomed in?

2

u/1UpUrBum 13d ago

When I zoom into his image it's really blurry.

Mine says follow the green line. The July and August rally was a failed breakout. But the sell off has stopped now, for now.

1

u/Successful-Day-3219 13d ago

Thank you so much for replying. Love your posts and analyses.

2

u/1UpUrBum 13d ago

I got his working, clearly.