RKLB: Refueling at the Same Base for Another 170% Rally?Rocket Lab CorporationBATS:RKLBibraheeemzRocket Lab is currently testing a major long-term ascending trendline support, a zone that has served as a reliable launch base for previous advances. More importantly, the recent low formed very close to the prior swing low near $55, creating what is effectively an almost double-bottom formation and suggesting the rocket may be returning to its fueling station rather than entering a prolonged downtrend. The last time RKLB launched in this area, the stock blasted off from roughly $55 to $151, delivering an impressive ~170% gain. That mission highlights the significance of the current support zone and explains why traders are closely monitoring this retest. 🛰️ Multi-Timeframe Outlook On the daily timeframe, there are early signs that buyers are returning to the control room. Yesterday's bullish engulfing candle suggests demand is stepping back in after the recent correction and could mark the beginning of a fresh launch sequence. On the weekly timeframe, the recent decline still resembles a healthy refueling phase within a broader uptrend. The rebound from long-term trendline support indicates the pullback may simply be a recharge of momentum rather than the start of a deeper structural breakdown. 🎯 Mission-Critical Levels 🟢 Refueling Zone (Support): $55-$67 🟢 Bullish Above: Long-term trendline support and recent swing lows ⚠️ Immediate Resistance: $87 A decisive breakout above $87 would be the first indication that RKLB is completing its refueling process and preparing for another acceleration phase. 🎯 Next Checkpoint: $100 Reclaiming the psychological $100 level would significantly strengthen the bullish thesis and signal that the next stage of the mission is underway. 🚀 Primary Mission Target: $151 If history repeats and RKLB responds to this support region as it did previously, a return toward the prior all-time high area near $151 becomes a realistic objective. 📡 Bottom Line RKLB has returned to a critical technical area where a long-term ascending trendline intersects with an almost double-bottom structure near $55. The recent bullish engulfing candle suggests buyers are stepping back in, while the weekly chart continues to favor a constructive refueling phase rather than a major trend reversal. As long as support holds, the broader bullish trajectory remains intact. Watch $87 as the first launch checkpoint and $100 as the next major milestone. If the current base-building process succeeds, RKLB could be positioning itself for another mission toward $151, just as it did after its previous refueling stop. Not financial advice. 🚀📈