RKLB Rocket Lab came close to its first target of $5 and closed above the VWAP.This is the first time the stock has reacted positively to good news, which indicates a potential shift in sentiment. Although it's still early, the volume on this uptick and the oscillators support this sentiment change.
Closing above $5 could provide an opportunity to form a higher base, from which it could launch further.🚀
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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.