Rocket Lab (RKLB) just formed a Death Cross on the 1D time-frame, almost a full month after rebounding near the 1.5 year Support Zone. This is technically an Accumulation Zone that the stock tends to make on that Support Zone before starting a parabolic Rally to the Higher Highs trend-line.
In fact it was the 1D Death Cross formed on March 15 2023 that started...
Rocket Lab USD (RKLB) has been consolidating for exactly one month (blue Arc pattern) after touching the Higher Lows Zone and now uses the 1D MA50 (blue trend-line) as its Pivot. We can see the very same consolidation pattern during the previous two market Lows (April - May 2023, June - July 2022), which gave enormous rallies of +114.46% and +105.08%...
Long RKLB, had a good short from the monthly highs I should have held longer, not complaining but yah live and learn. See triple bottom/I h & s here. Longing with tight stop. Not advise, good luck.
Rocket Lab USA (RKLB) has completed a sharp decline of -36.50% that hit the Higher Lows trend-line from the April 06 Low. By doing so the 1D RSI has turned vastly oversold at 16.00, the lowest it has been ever in its history.
A Channel Down has emerged and technically this is a Lower Lows buy opportunity. As long as the Higher Lows trend-line holds, we will be...
