$RKLB - RC - WATCHLIST -
Added 2023-12-19 13:04:22 +0000 UTCVery similar set up here for $RKLB as it was with $RIVN before it broke out and bounced hard.
The price has held the 0.887 Fib at $4 since Sept and is starting to show movement of breaking out soon.
The price is still below the 200 Day MA at $5 but staying above the 50 Day MA at $4.45 and again we are seeing the 50 and 200 Day MA getting tighter.
The one issue is that this has been dragged sideways for the last few months but the impulse wave is still valid,
A break above the 200 Day MA and it holds support at $5, then this could run very quickly.
A number of requests have come in for this too, so it is on peoples radar now.
Wave 3 target is at the 1.618 Fib as always at $11.20
