In the frosty air of Christmas night,
Santa's sleigh takes its wondrous flight.
Through the twinkling stars, it soars,
Spreading joy from shores to shores.
Rocket Lab, a stock on the climb,
Six dollars, a goal in no time.
In the market's dance, a festive play,
A yuletide rise 'till Christmas day.
NASDAQ:RKLB Looks promising for a breakout. Needs follow through. But it is a good start. Expecting $4.93 to $5.00.
FOMC meeting this week. This stock has adverse reaction to rate shocks and fed policy. So keep that in mind.
NASDAQ:RKLB Rocket Lab is showing signs of a turn. MACD is about to do a bullish cross. RSI is turning up.
If it can break out of the descending wedge, it could run to the $4.93 to $5.00 area.
With high short interest, a positive catalyst could cause a big rally.
Share shorted -55 millions
Short Interest - 19.06%
Days to cover - 7 days
Keep in mind though...
NASDAQ:RKLB A series of unfortunate events!
Here is the chart where I plotted out a series of events that happened since September 2023. It shows the accumulation distribution and FINRA short sale volume.
1. You can see the stock has been in distribution mode since Peter sold 3.6 million shares. It is a small amount compared to what he owns, but it killed the...
Going to avoid getting into the fundamentals of this company, as I've covered them before (have been increasingly better with the contracts they've won).
As we can see from this range price formed over the past 2 years, RKLB's 3-month downtrend could end through a reversal with great upside. It happened entering the final 70 days of last consolidation period, and...
Rocket Lab USA, Inc. has recently been awarded two significant contracts by the US Space Force, underlining its capacity as a comprehensive provider of defence space services, including both payload development and launch capabilities.
The first contract, valued at 14.5 million USD, involves the launch of the DISKSat experimental satellite. The second, more...
NASDAQ:RKLB The stock spent last week sitting on the multi-year support zone. The longest Rocket Lab has traded around the support zone is 9 weeks.
If the current support fails, the next support area would be between $3.17 and $2.88. Could it fall to that area?
It is a possibility, given the current geopolitical climate, ongoing inflation and rate cut concerns,...
RKLB is almost oversold on the 1D timeframe (RSI = 31.788, MACD = -0.150, ADX = 26.851) which makes it an automatic technical buy for the long term. Besides that, the price has entered the long term Support Zone that commenced on the June 30th 2022 Low. The pattern is identical to the March-May 2023 bottom. Once the 1D MA50 breaks again, we expect a very...
Waiting for Rocket Lab to break out of this channel to enter the trade. IMO, two possible scenarios:
1) This could play out as a double bottom with a take profit @ $6.
2) An inverse head and shoulders pattern in which we are currently complete with the formation of an inverse head. Neckline is at $5.
Caution to be exercised around the $5 area to determine which...
Rocket lab is recovering very fast from past week hard drop
Closing a candle above purple trendline will start a new strong up move
I think it will happen next week during earnings
Back to Demand Zone $3.70-$4.0
Just based on the current market cycle we're in small cap stocks like RKLB stand to benefit.
Needless to say that we also may witness Neutron, launching in 2025, which could be another major tailwind for the stock.
But for 2024- $11-$12
NASDAQ:RKLB If you zoom out, you can see that Rocket Lab is clearly trading inside the channel of a bottom stage. (Google Stage Analysis)
The base of the channel has formed a strong support after a long period of consolidation, as evident by the volume profile.
As you can see, the stock spends most of its time in the bottom half of the channel and bounces every...
Rocket Lab (RKLB) just formed a Death Cross on the 1D time-frame, almost a full month after rebounding near the 1.5 year Support Zone. This is technically an Accumulation Zone that the stock tends to make on that Support Zone before starting a parabolic Rally to the Higher Highs trend-line.
In fact it was the 1D Death Cross formed on March 15 2023 that started...
An update on my long term movement idea with Rklb, it's just my theory after noticing the head and shoulders pattern on the daily and how things have been playing out with lower highs and lower lows to this point. I've listed on my chart what I think are some possible key areas of support and resistance. Again this is just my two cents on some next plays needing...
Patiently waiting for a breakout to happen, if so I believe over the mid to long run, we should see things touch the $8.05 range, this is my price prediction.
www.tradingview.com
Price are defining a new channelup that probably will bring back to 5$ to the end of the month
Earnings on Feb 27 can change the plan pushing higher
I'm still bullish on Rocket Lab
