$Rocket Lab USA, Inc.(RKLB)$ $Rocket Lab USA, Inc.(RKLB)$ The stock has never seen a drawdown of over 50 percent in such a short time frame. We're also at near-historical oversold levels across multiple RSI timeframes. Could it go lower? Sure. Could it trend sideways? Absolutely. But the risk-reward seems to favor buyers at this point. Shorting here, near what could be the bottom, doesn't look like a great idea to me.
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