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.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
I am not a licensed professional. None of the posts that I published are investment advice. Do your own research.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.