RKLB Rocket Lab is up against the upper trendline of the broadening wedge. While the price remains flat, both the RSI and MACD show bullish divergence, signaling the buildup of buying pressure.Conditions are favorable for the price to move upward.
Everything depends on the success of the next Electron launch scheduled end of November.
Potential upside targets: $5, $5.50, $6.50
Downside risk: $3.50
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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.