The Long Investor
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$RKLB - RC -
🕑 Added 2025-05-19 19:26:10 +0000 UTCOK $RKLB has pulled back from $33 to $14 this year and found support on the confluence level between the 0.618 Fib and the 200 Day MA perfectly and has bounced since.
The 0.618 Fib is a standard pull back level and it is very common at the moment too for support and the beginning of a reversal to the upside.
Price is already above the middle blue support line at $21.45 and routing to the top line at $33.
Looking a little bit stronger than $ASTS after today but I suspect both will move together.
If the pull back to the 200 Day MA at $14 was Wave 2 and there is every reason to believe it is, then the Wave 3 target is always the 1.618 Fib which is at $62 now
A +120% jump from here.
A retest of the blue line again at $21.40 and holding would provide another suitable buy entry but right now there is very little resistance up to $33.
Comments
Richard
Curious to know if it worth it to hold a heavy bag in asts or rklb at this point
Charlie
Thank you so much for doing a RKLB chart!
