Rocket lab has been in down trend and has formed a saucer reversal pattern with the volume increased on the right side of the saucer. However it was rejected at the lips of the saucer around $7.24 area and hence retreated.
The stock currently out of overbought condition from ER run up.
If the price retest and break above the $7.24 lip area, the stock have potential further upside to $9 area.
Target - $9
Condition - the price must break above $7.24 lip area.
Risk - retreat to $5.11
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Disclaimer: Not investment advice. Trade at your own risk.
The stock currently out of overbought condition from ER run up.
If the price retest and break above the $7.24 lip area, the stock have potential further upside to $9 area.
Target - $9
Condition - the price must break above $7.24 lip area.
Risk - retreat to $5.11
------------------------------
Disclaimer: Not investment advice. Trade at your own risk.
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.
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.