RKLB is trading inside a Channel Up for 15 months and is near its bottom HL trendline. Being bearish but close to neutral on the 1D technical outlook (RSI = 43.294, MACD = -0.060, ADX = 22.552), the price is undergoing a similar Bottom formation as March-May. On both sequences the 1D RSI was rising on an HL trendline.
Having completed a -50% decline from the Channel's top, the stock will gives us the buy validation when it closes the first 1D candle over the 1D MA50 for the first time since September 5th. We will buy and aim for the 0.618 Fibonacci level (TP = 6.15) even though we may see a bigger rise to the top of the Channel Up for a new HH.
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Having completed a -50% decline from the Channel's top, the stock will gives us the buy validation when it closes the first 1D candle over the 1D MA50 for the first time since September 5th. We will buy and aim for the 0.618 Fibonacci level (TP = 6.15) even though we may see a bigger rise to the top of the Channel Up for a new HH.
## If you like our free content follow our profile to get more daily ideas. ##
## Comments and likes are greatly appreciated. ##
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I trade Crypto, Forex, Indices & Commodities all from one account on PrimeXBT with TradingView charts
Register here👉 investingscope.s.gy/PrimeXBT
Contact me for Account Management (+15% monthly profit)
Telegram👉 t.me/investingscope
Register here👉 investingscope.s.gy/PrimeXBT
Contact me for Account Management (+15% monthly profit)
Telegram👉 t.me/investingscope
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這些資訊和出版物並非旨在提供,也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。
