Apr. 28 at 4:11 PM
$RKLB &
$LUNR | Crucial Backtests Complete. Ready for Follow-through?
Monday delivered textbook backtests for our space leaders.
$RKLB: Dipped to the EMA20, bounced perfectly, and managed a close above the key
$78.50 structural level.
$LUNR: Followed suit with a perfect EMA20 bounce, closing above the critical
$24.95 mark.
Healthy backtests within an uptrend are exactly what bulls want to see. As these sector leaders stabilize, they pave the way for the rest. We’re watching for follow-through momentum this Tuesday—if confirmed, expect names like
$RDW and
$ASTS to catch a serious bid soon.
The sector leaders are holding their ground at key moving averages. In this game, the best entries often come right after these structural tests. Keeping my eyes on the tape for the next leg up.
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