$Rocket Lab (RKLB.US)$ This rebound is quite strong. After a...

Jackson Au commented on a stock · Nov 16 00:28

$Rocket Lab (RKLB.US)$ This rebound is quite strong. After a drop of more than 3%, it reversed to rise by 5%. According to the indicators, a pullback is needed at the 15-minute level. However, the 4-hour and daily levels are already overbought, while the weekly level has reached an RSI of 90, a sign of severe overbought conditions.

In other words, the current rise is temporary and cannot be sustained. I believe the pullback should fill the gap around $15.

Purely personal opinion, no investment advice included.

$Rocket Lab (RKLB.US)$ This rebound is quite strong. After a drop of more than 3%, it reversed to rise by 5%. According to the indicators, a pullback is needed ...

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Jackson Au

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