$RKLB got a lot of attention last month when $ASTS took off as the market was looking for other companies in this sector
$RKLB then pulled back and people went quiet here but the chart has not changed and the price has tested the 0.5 Fib at $5.79 and bouncing but needs to hold this level and get back above the blue line at $6.15
Losing $5.79 would infringe on Wave 1 so this would damage the structure
The Impulse Wave remains in play here with Wave 3 at the 1.618 Fib at $8.