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104079172
commented on a stock ·

Key level to reclaim is ~134

$Rocket Lab (RKLB.US)$
If you have been tracking the long term parallel channel trendline, the top of the channel is roughly at around 132 at this time. If price clears this level and enters into ~133-134, the latter for certainty, it will signal the next big leg up. That's the key breakout level for RKLB.

This is not exactly far off from the current 125-127 range.

It's likely that institutions will continue to harvest under 130 for another day and a half. Their time to do so expires on Jun 4th. We might see the recovery of 134 by tomorrow afternoon if they front run the push, if it doesn't happen today.
$Rocket Lab (RKLB.US)$ If you have been tracking the long term parallel channel trendline, the top of the channel is roughly at around 132 at this time. If price clears this level and enters into ~133-134, the latter for certainty, it will signal the next big leg up. That's the key breakout level for RKLB. This is not exactly far off from the current 125-127 range. It's likely that institutions will continue to harvest under 130 for another day and a half. Their time...
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