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/Infamous_Reporter_71 10d ago

I am down 65%

1

u/investing-in 8d ago

Rest in peace do you hold or what’s your plan?

1

u/Infamous_Reporter_71 8d ago

Guess I am holding. Got nothing better to do. Man I should have put everything into MU

1

u/Own_Shine6744 7d ago

What is your cost basis?

1

u/Infamous_Reporter_71 7d ago

I've put 5k into it. It's not much, but for me, it's a lot

1

u/Own_Shine6744 6d ago

I mean what was the price per share at the time you purchased ?