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$RKLB Testing Breakout Levels – Next Leg or Pullback?

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Trend: Still in a strong uptrend since April. Price is consolidating after testing recent highs ($55). Structure remains bullish as long as key supports hold.

Support Zones: Immediate support at $49.10–47.22, aligning with 20 EMA. Deeper support sits at $43.86 (50 EMA) and $42.29–41.20 zone. A close below $41 would weaken the setup.

Resistance Levels: Overhead resistance at $55.17 (recent high). Breakout confirmation comes above $57.57 (Fib 2.618) → opens path to $62.19, then $73.94 / $84.05 / $90.31.

Momentum: RSI at 54.8 reset from overbought—room for another leg higher if buyers step in.

Outlook: Pullback may act as healthy retest of breakout zone. Holding above $47 keeps bulls in control. Watch $55–57 breakout for the next impulsive leg.

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