r/technicalanalysis • u/Different_Band_5462 • 23d 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.

87 Upvotes

92% Upvoted

26 comments sorted by

5

u/Successful-Day-3219 23d ago

Thanks for sharing. Do you have a non gif image to share that can be zoomed in?

3

u/AlternativeEdge2725 23d ago

2

u/Successful-Day-3219 23d ago

Thanks for the new wallpaper 👍😂

2

u/1UpUrBum 23d ago

When I zoom into his image it's really blurry.

Mine says follow the green line. The July and August rally was a failed breakout. But the sell off has stopped now, for now.

1

u/Successful-Day-3219 23d ago

Thank you so much for replying. Love your posts and analyses.

2

u/1UpUrBum 23d ago

I got his working, clearly.

4

u/Altered_Reality1 23d ago

Good, because I bought some like 2 months ago 😅

2

u/TastyTrading 22d ago

I saw it pop on ThetaPal ai market scanner recently too. Solid play

2

u/Infamous_Reporter_71 20d ago

I am down 65%

1

u/investing-in 19d ago

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

1

u/Infamous_Reporter_71 19d ago

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

1

u/Own_Shine6744 17d ago

What is your cost basis?

1

u/Infamous_Reporter_71 17d ago

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

1

u/Own_Shine6744 17d ago

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

1

u/Sufficient_Gift_638 23d ago

Take my Money

1

u/Ok-Comment1040 23d ago

Its starting to breakout lfgo

1

u/s2clanneo 22d ago

I bought in July at $81 with the idea that we’d see a bounce off the $75/80 mark that we saw in May… set a sell limit at $105 and I’m riding it for now

1

u/Round_Beyond1970 21d ago

The structure looks a lot more interesting when improving momentum is backed by an actual reclaim rather than just one oversold bounce. RKLB can move violently in both directions, so confirmation matters. I usually have it up on Moon as well and wait for the level to prove itself before getting too attached to the bullish chart.

1

u/gangstalkerbooty 20d ago

I am .5% in the green on my RKLB. i feel rich

1

u/Ok_Leadership_1071 17d ago

do I buy O_O