$RKLB - Showing signs of a turn

Apr 22

RKLB Rocket Lab is showing signs of a turn. MACD is about to do a bullish cross. RSI is turning up.

If it can break out of the descending wedge, it could run to the $4.93 to $5.00 area.

With high short interest, a positive catalyst could cause a big rally.

Share shorted -55 millions
Short Interest - 19.06%
Days to cover - 7 days

Keep in mind though there is a chance that it could see $3.17 to $2.88 area if the current support fails. It would need a negative shock for that to happen.