$RKLB – Momentum Pullback to 20 SMA with Trendline Break Incomin

Rocket Lab (RKLB) is setting up for a classic trend continuation move after a strong run. It just pulled back to the 20 SMA for the first time since breaking out over $35 — and it’s holding like a champ.

🔹 The Setup:

After peaking near $55, price pulled back in an orderly fashion on lower volume — a healthy correction.

Now we’ve got a hold at the 20 SMA, with a close back over the 9 EMA and a trendline break in progress.

This is where momentum tends to re-ignite.

🔹 Why It’s Powerful:

First 20 SMA test since the breakout = high probability bounce zone.

Lower volume on the pullback signals no panic selling.

A close over the 9 EMA + trendline = potential speed-up candle.

🔹 My Trade Plan:
1️⃣ Entry: Looking for confirmation over the 9 EMA and trendline.
2️⃣ Stop: Under the 20 SMA — tight structure, defined risk.
3️⃣ Target: Retest of highs near $55 with potential extension on breakout.

Why I Love This Chart:

RKLB is a momentum name — when it moves, it moves fast.

The trend is intact, the pullback was clean, and now we have structure + volume setup.