$Rocket Lab USA, Inc.(RKLB)$ For those who follow Fibonacci levels, the five-wave move from 80 to 104 was a 3.272 extension of waves 1+2. The same 3.272 extension appears in each up wave… so extrapolating that out over the entire move, it's likely we hit 175 before the next major pullback.

That sort of makes sense… if it was worth 151 a month ago, it's definitely worth 175 with Iridium and the spectrum licenses.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment

  • Top
  • Latest
empty
No comments yet