TimothyBarnes
07-13 22:39

$Rocket Lab USA, Inc.(RKLB)$ One technical level on this chart that always gets my attention is the 200-day moving average.

Rocket Lab has touched it again, and historically, it's been a level worth watching. The last three times it hit the 200 MA were followed by notable rebounds:

$14.71 → $53.44 (+177%)

$37.57 → $96.30 (+183%)

$56.13 → $151.00 (+111%)

Obviously, past performance doesn't predict the future, but this is an area I'm focused on. If the 200 MA holds as support and volume picks up, the setup could become more compelling from a risk/reward perspective.

Some of the better opportunities often appear when sentiment is low.

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Comments

  • roadto5m
    03:16
    roadto5m
    you reckon now is a good buy zone??
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