RKLB The stock spent last week sitting on the multi-year support zone. The longest Rocket Lab has traded around the support zone is 9 weeks.If the current support fails, the next support area would be between $3.17 and $2.88. Could it fall to that area?
It is a possibility, given the current geopolitical climate, ongoing inflation and rate cut concerns, and uncertainty surrounding the neutron development timeline, these factors could put pressure on the stock.
Here are the support areas below:
$3.17
$2.88
$2.24
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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.