Rocket Lab (RKLB) is showing a clear bearish trend 📉, with the 9-day EMA crossing below the 21-day EMA—a classic "death cross." The RSI plummeted from overbought (98) to neutral (59), suggesting weakening momentum. Heavy selling volume on April 4 (22.6M shares) confirms the downtrend. The news about class-action lawsuits adds fuel to the fire. Unless there's a reversal above $17, I’d avoid buying here. Hold if you’re long, but watch for further breakdowns. 🚀➡️📉

Rocket Lab USA, Inc., a space company, provides launch services and space systems solutions for the space and defense industries. The company provides launch services, spacecraft engineering and design services, spacecraft components, spacecraft manufacturing, and other spacecraft and on-orbit management solutions; and constellation management services, as well as designs and manufactures small and medium-class rockets. It also designs, manufactures, and sells Electron small orbital launch vehicles and the Photon satellite platforms, as well as developing the Neutron 8-ton payload class launch vehicle; conducts remote launch activities; and designs and manufactures a range of components and subsystems for the Photon family of spacecraft and broader merchant spacecraft components. The company serves commercial, aerospace prime contractors, and government customers. The company was founded in 2006 and is headquartered in Long Beach, California.

Rocket Lab USA, Inc. RKLB: 20.775 USD

Bearish views