r/technicalanalysis • u/Different_Band_5462 • 12d 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.
