RKLB Rocket Lab hits a major resistance area which is a combination of the descending wedge trendline, 200DMA and VWAP. RSI has cooled so hopefully we can pick up some momentum again.
It needs a catalyst to breakout of that descending wedge. With close to 20% short interest, we should get a good squeeze.
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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.