been watching rklb all week and the action is just crazy. huge ranges, quick reversals, and it keeps pushing the highs even when people try to dump it. for me it really comes down to that 92 level.
i watched it tap 92.19 yesterday but it just couldn't hold and ended up closing at 91.80. now we're seeing some red in pre-market, which makes sense since KeyBanc just downgraded it to sector weight this morning. their whole argument is that the $816M SDA contract and all the Neutron hype for 2026 are already priced in at these levels.
if can actually flip 92 into solid support, i think it starts acting like a true breakout instead of a tease. i wouldnt be shocked to see it trade up to the 94-105 range pretty fast, especially if we get more spacex ipo chatter or defense wins to fuel the move.
but it could also just turn into a total mess up here. pokes the highs, gets sold, dips get bought, repeat. just chop in a wide band between 86 and 95. the volatility is insane right now and that flash to 84.50 yesterday proves it.
if the bid weakens and people start taking profits, i’d expect buyers to fight around 84-86. and if the broader market goes risk-off, a flush to 80 isnt out of the question.