RKLB train is ready to departRocket Lab CorporationBATS:RKLBtrader315269NASA awarded Blue Origin a firm-fixed-price contract worth up to $700 million on September 1, 2026, to design, build, launch, and operate the Mars Telecommunications Network (MTN) orbiter, beating out competing bidder Rocket Lab (RKLB). The news was most likely known ahead of time and triggered consistent selling at around $80 down to $60. Now, at the bottom of the short term downtrend, we see new announcements. - Berenberg initiated coverage on the U.S. and European space sector, assigning a Buy rating to Rocket Lab (RKLB). - ARK Invest doubled down on two high-growth targets, purchasing $38.1 million in Block and $12.8 million in Rocket Lab USA while simultaneously reducing its stake in several major tech stocks. - Rocket Lab reached a major milestone by successfully deploying its 94th Electron rocket, carrying a new Earth-observation satellite into orbit for Synspective. RKLB is ready to move up very soon. The chart looks attractive in a number of ways: - Confluence: Order block fill around low $60s and price nearing ascending trendline support - Price is trading below volume POC around $80 - MFI is depressed into oversold territory - RSI is curling up to go higher - ASTS and RKLB seem to trade as a pair and they share a similar chart structure. The fact that ASTS popped today is another reason to turn bullish here. I suspect the price is going to zigzag possibly forming an ABC pattern starting from tomorrow until earnings in an ascending triangle. Since the last ER dumped despite positive results, I imagine the next ER has a higher chance of making a 10-25% move. Perhaps, we'll see $100 then.