For months, Rocket Lab USA (NASDAQ: RKLB) has been stuck in a broad base, consolidating between $40 and $55. While breakout attempts have been met with resistance, most recently capped by a $750 million stock offering, the chart remains constructive. Shares continue to hold up favorably, setting up in a bullish formation that has traders watching the critical $55 resistance level. Positive news flow hasn’t slowed, either, as anticipation builds for the maiden launch of Neutron, Rocket Lab’s next-generation, medium-lift vehicle.
But while Neutron grabs the headlines, it’s the company’s smaller workhorse, Electron, that continues to serve as Rocket Lab's foundation and primary growth driver. The question for investors is whether news tied to Electron could be the catalyst that finally pushes the stock through its key resistance, even before Neutron takes flight.
