$Rocket Lab USA, Inc.(RKLB)$ Looking at the bull case for RKLB. The stock is at $67.62, down 55%, and it's testing the 200-day moving average after a sharp correction.
The fundamentals still don't have what a lot of investors want to see—positive earnings, positive net income, and growing free cash flow.
Even so, the 200-day MA is a major long-term support zone. If buyers step in to defend this level, the pullback could turn into a base-building phase instead of a trend reversal. The company continues expanding its launch cadence, space systems business, and Neutron program, which supports the long-term growth story.
Markets tend to reward preparation more than reaction.
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