Rocket Lab (
RKLB) is setting up for a classic trend continuation move after a strong run. It just pulled back to the 20 SMA for the first time since breaking out over $35 — and it’s holding like a champ.
🔹 The Setup:
After peaking near $55, price pulled back in an orderly fashion on lower volume — a healthy correction.
Now we’ve got a hold at the 20 SMA, with a close back over the 9 EMA and a trendline break in progress.
This is where momentum tends to re-ignite.
🔹 Why It’s Powerful:
First 20 SMA test since the breakout = high probability bounce zone.
Lower volume on the pullback signals no panic selling.
A close over the 9 EMA + trendline = potential speed-up candle.
🔹 My Trade Plan:
1️⃣ Entry: Looking for confirmation over the 9 EMA and trendline.
2️⃣ Stop: Under the 20 SMA — tight structure, defined risk.
3️⃣ Target: Retest of highs near $55 with potential extension on breakout.
Why I Love This Chart:
RKLB is a momentum name — when it moves, it moves fast.
The trend is intact, the pullback was clean, and now we have structure + volume setup.
RKLB) is setting up for a classic trend continuation move after a strong run. It just pulled back to the 20 SMA for the first time since breaking out over $35 — and it’s holding like a champ.🔹 The Setup:
After peaking near $55, price pulled back in an orderly fashion on lower volume — a healthy correction.
Now we’ve got a hold at the 20 SMA, with a close back over the 9 EMA and a trendline break in progress.
This is where momentum tends to re-ignite.
🔹 Why It’s Powerful:
First 20 SMA test since the breakout = high probability bounce zone.
Lower volume on the pullback signals no panic selling.
A close over the 9 EMA + trendline = potential speed-up candle.
🔹 My Trade Plan:
1️⃣ Entry: Looking for confirmation over the 9 EMA and trendline.
2️⃣ Stop: Under the 20 SMA — tight structure, defined risk.
3️⃣ Target: Retest of highs near $55 with potential extension on breakout.
Why I Love This Chart:
RKLB is a momentum name — when it moves, it moves fast.The trend is intact, the pullback was clean, and now we have structure + volume setup.
📈 Kunal Desai, Founder of BullsOnWallStreet – Trading Education Since 2008
🚀 Learn my trading strategies, watch live setups, and get mentored:
🔗 bullsonwallstreet.com
🚀 Learn my trading strategies, watch live setups, and get mentored:
🔗 bullsonwallstreet.com
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.
📈 Kunal Desai, Founder of BullsOnWallStreet – Trading Education Since 2008
🚀 Learn my trading strategies, watch live setups, and get mentored:
🔗 bullsonwallstreet.com
🚀 Learn my trading strategies, watch live setups, and get mentored:
🔗 bullsonwallstreet.com
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.