Nov. 14 at 11:50 PM
$RKLB is currently trading at
$45.54, significantly below its 30-day moving average (MA30) of 60.41 and 50-day moving average (MA50) of 55.9, indicating a bearish trend. The RSI at 20.63 suggests that the stock is oversold, which may indicate a potential reversal or bounce. However, given the recent 60-day high of 73.97 and low of 40.42, the stock is still within a broader range, and caution is advised.
Suggested entry point is around
$40.50, near the 60D low, providing a favorable risk-reward setup. Set a stop loss at
$39.00 to limit potential losses. Target 1 is
$45.00, approaching the last close, and Target 2 is
$50.00, aligning with the lower end of the MA30.
Overall, while the oversold RSI presents a potential buying opportunity, the bearish trend indicated by the moving averages and proximity to the 60D low necessitates careful monitoring.
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