Rocket Lab Corp (Derivatives) (RKLB)

$RKLB

Taking a breather from stage 4 downtrend.

It has to prove its worth before you can have any conviction in a change of trend. https://t.co/JwAQ3kXcgS

$RKLB is coming out of the golden pocket zone in the pre market, but I don't like the fact that we are still sitting below the long term trend line and has recently flipped it to resistance.

Need to start seeing some closes above $64 real soon otherwise we risk seeing the bottom of the pocket at $55, and potentially the POC down at $48.

$RKLB

Daily: sitting on some really strong support here (green horizontal line) at $65, but still under all declining emas and is now rejecting the POC. A normal retracement here from the lows would send us to $107, and I think that happens fast once we can get over $80.

Weekly: again, sitting below all declining emas whilst currently being at the bottom of this large volume shelf. there is very thin volume below us if we drop anymore, and the next level would be the POC which sits at $50. golden pocket below sits between $55-$60, which is usually a great R/R buying opportunity for the long term.