Rocket Lab erased a 10% premarket drop to close up over 6%; the host cannot explain it, calls it a retail meme stock, and chooses to watch rather than chase.

Baffled by a swing from minus ten percent pre-market to a six point two four percent gain, the host called it a retail-heavy meme name with unreadable operator washes, so he neither bought the dip nor chased, opting to just watch.

Rocket Lab based after a 70% drop, broke out on a weak market day with bullish RSI divergence; above 61.13 the next stops are 69.42 and then 78.28 at the 200-day MA, which he expects to act as a magnet within one to two weeks.

Although he is not a fan of space stocks and calls RKLB not his favorite pick, it has based out after a 70% drawdown and closed up about 6.5% with a breakout on a day when most names did nothing, showing clear relative strength. With earnings behind it, a daily bullish divergence and a failed breakdown, he expects the 200-day area near 78 dollars to act as a magnet over the coming one to two weeks.

Rocket Lab based after a 70% drop, broke out on a weak market day with bullish RSI divergence; above 61.13 the next stops are 69.42 and then 78.28 at the 200-day MA, which he expects to act as a magnet within one to two weeks.

Although he is not a fan of space stocks and calls RKLB not his favorite pick, it has based out after a 70% drawdown and closed up about 6.5% with a breakout on a day when most names did nothing, showing clear relative strength. With earnings behind it, a daily bullish divergence and a failed breakdown, he expects the 200-day area near 78 dollars to act as a magnet over the coming one to two weeks.

Rocket Lab reversed a 10% premarket drop to close up 6%; the host can't explain it, dared not buy or chase, and treats it as a meme stock to watch from the sidelines.

Rocket Lab reversed a 10% premarket drop to close up 6%; the host can't explain it, dared not buy or chase, and treats it as a meme stock to watch from the sidelines.

The host questions the logic of raising launch prices before the rocket has flown, but does not state a direction for RKLB shares.

The host judges the rocket launcher's third-quarter report unsatisfactory, with a wider-than-expected per-share loss and an after-hours drop, concluding the recent rally merely tracked the broad market with no independent move; he gives no clear direction.