I refuse to let this stock defeat me. Previous predictions have been stifled by news cycles and bearish trends from the overall market.
We know
RKLB delayed its launch of it's Neutron heavy lift rocket until the tail end of 2025, and the company does not expect to be profitable until this rocket goes into service. However, with recent acquisitions and CHIP act awards we know the company is scaling it's satellite and space system ecosystem for even more revenue streams.
As far as the stock price is concerned, the recovery seems to be in progress with a cup forming. We will see if this turns out to be a full Cup & Handle and if it is, where the handle will form. In my opinion, the handle will begin to form around the $23.50.
In the meantime, we have to cross some tough resistance at $20 and $22. However, there is strong support at $16.
We know
RKLB delayed its launch of it's Neutron heavy lift rocket until the tail end of 2025, and the company does not expect to be profitable until this rocket goes into service. However, with recent acquisitions and CHIP act awards we know the company is scaling it's satellite and space system ecosystem for even more revenue streams.As far as the stock price is concerned, the recovery seems to be in progress with a cup forming. We will see if this turns out to be a full Cup & Handle and if it is, where the handle will form. In my opinion, the handle will begin to form around the $23.50.
In the meantime, we have to cross some tough resistance at $20 and $22. However, there is strong support at $16.
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Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.