We are currently starting to see the first signs of trend reversal for RKLB. From April we saw a massive 150%+ surge towards $38. After forming a 4H doji (LTF signal) we are starting to see sellers come in.
If selling pressure does continue our first zone to watch for support would be our white box ($30-32). Then the levels of $28 and $23.
If price is able to continue this uptrend and close a 4H candle body above where the doji printed then we could see new highs.
If selling pressure does continue our first zone to watch for support would be our white box ($30-32). Then the levels of $28 and $23.
If price is able to continue this uptrend and close a 4H candle body above where the doji printed then we could see new highs.
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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.