$RKLB - Can it move up?

BATS:RKLB   Rocket Lab USA, Inc.
RKLB Rocket Lab is up against the upper trendline of the broadening wedge. While the price remains flat, both the RSI and MACD show bullish divergence, signaling the buildup of buying pressure.

Conditions are favorable for the price to move upward.

Everything depends on the success of the next Electron launch scheduled end of November.

Potential upside targets: $5, $5.50, $6.50

Downside risk: $3.50


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