TradingKey – RKLB was one of the lesser of the major space companies to decline, dropping nearly 10% on June 11 when news broke that SpaceX is set to launch an IPO that will value the privately held rocket-maker at $1.78 trillion. The nearly 10% fall was the smallest drop in the space group, compared with 24% at Virgin Galactic (SPCE), 15% at Intuitive Machines (LUNR), 14% at Redwire (RDW), etc. RKLB is now trading at $102.79 as of its 4H chart, which shows it defending confluence of an ascending black trendline at the $104.94 mark with the EMA200, after a correction from $154.14 highs. It’s trading with a neutral-oversold relative strength index reading of 41.54 with a small positive divergence.

My June 5 story discussed the $1.1…