RKLB's Reversal Textbook 📈

Yesterday, I saw a classic technical reversal case. On Tuesday morning, $RKLB dropped as much as -5%, but found support near the previous resistance level of $74. Subsequently, the rebound was quite strong, closing up to +10%, with the range from low to high reaching 16%.

This kind of support-turned-resistance movement is actually quite common, but few have such strong execution. The key was holding at the $74 level; there was no further decline, and instead, it accumulated momentum for a rebound. Although the daily range was not small, from a technical perspective, such a movement often indicates the potential for further upward space.