From a structural perspective, RKLB remains within a broader bullish channel, indicating that the overall trend is still constructive.

Within this channel, the midline has historically acted as a support level, helping price maintain its upward trajectory. However, more recently, this same level has started to behave as a resistance zone, which makes the current price action particularly important.

What We Are Monitoring

At this stage, the key question is whether price can reclaim the midline.

For confirmation, we are not relying on a single breakout. Instead, we are watching for:

• Two consecutive daily closes above the midline
• Each close being higher than the previous day

This type of price behaviour would suggest that momentum is shifting back in favour of buyers and that the structure is strengthening again.

Potential Scenario

If this confirmation occurs:

• The next logical area of interest becomes the upper bound of the channel
• This currently sits around the 110 region

Risk & Key Levels

• Critical level: 87
• Invalidation level: 60
• Upside reference: 110

These levels help define the structure and allow us to assess whether the current trend remains intact or starts to weaken.

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Final Thoughts

The market is currently at a decision point.
Reclaiming the midline would suggest continuation within the bullish structure, while failure to do so may keep price ranging or under pressure.

As always, patience and confirmation remain key when interpreting this type of setup.

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Disclaimer

This analysis is for educational and informational purposes only. It does not constitute investment advice or a recommendation to buy or sell any financial instrument. Always conduct your own research and ensure proper risk management.