$Rocket Lab USA, Inc.(RKLB)$  NOV20 53C, still actionable.

Zone: $51.00 to $51.72

Invalidation: close under $50.49

Objectives: $55.25, then $59.18

The math: up 7.6% to the first objective and 15.2% to the second, against 1.7% risk on the invalidation, about 9 to 1 to the second.

Think of a rocket stock that fell down the stairs all last week and finally found the landing. That is this swing setup in plain words. Rocket Lab fell 24.7 percent in five sessions, then closed Monday at 51.36 dollars, up 1.0 percent, with the low at 51.31 dollars holding above the 50.49 dollar support underneath it. The read is simple. Sellers did their worst and buyers still kept the floor, so room opens back toward 55.25 dollars first and the old 59.18 dollar close next, while a close under 50.49 dollars says the floor gave way.

P.S. Earnings land in November before these calls expire on November 20, so expect this one to move once that report gets close.