RKLB Congratulations to those who loaded up under $4 and $5. With today's price action, the stock is up 63% from its all-time lows back in April.So what's next?
Well, the stock hit the resistance zone today, with RSI entering overbought territory. (See white horizontal resistance line.) That is not to say we are in for a roller coaster ride. Remember, stocks can stay overbought for a very long time. I am hoping that momentum will push it above the resistance and consolidate above that resistance.
My target remains $6.50 - $7.
I am not a licensed professional. None of the posts that I published are investment advice. Do your own research.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
I am not a licensed professional. None of the posts that I published are investment advice. Do your own research.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.