Rocket Lab (RKLB)

RKLB builds a bullish continuation pattern

RKLB is forming a July–September bullish continuation pattern between the low 40s and low-to-mid 50s. Rising 13-, 26-, and 40-day moving averages at 48.89, 47.00, and 46.10 reinforce the tactically bullish backdrop, along with the recent higher low of 46.45.

A decisive move above 53.44–55.17 would confirm a bullish breakout from this pattern and set up upside potential to 62.19 (61.8% extension of the April–July rally from the August low), 69 (pattern count), and eventually 76–77 (100% extension).

Failure to hold the 49–46 zone would undermine this bullish view.

A constructive relative pattern vs. the S&P 500 corroborates the positive setup.

Chart 1: Rocket Lab (RKLB)