ROCKET LAB Bullish break-out imminent.

29 May

Rocket Lab USA (RKLB) has completed a Bull Flag pattern (green Channel), trading right below the 1D MA200 (orange trend-line), which has been its long-term Resistance since January 24 2024. Based on its 2-year Cyclical pattern, the stock should surge aggressively if it breaks above the 1D MA200.

The 1D RSI is posting the exact same formation it had during the break-outs of May 2023 and July 2022. All formed after strong rebounds within the Support Zone.

In any case, our medium-term Target $5.50, which will be a test of the Lower Highs trend-line, similar to June 07 2023.

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