Rocket Lab (RKLB) shares of the high beta space play are forming a narrow bull flag as prices hold above the 20 level the past month after the market selloff saw the stock bounce off the 200 day EMA. RKLB has anchored VWAP from the highs just above at 22.20 so a close above this level can see a squeeze back to 25 short term while a bigger rally up from here can target 27 through the volume pocket on the profile. Last week RKLB saw a buyer of 2000 June $23 calls at $2.16 while the 6000 July $18 calls that bought at $2.84 near the lows on 4/7 are still holding in open interest and up +55% so far. The 13% short interest remains elevated a slight concern but a name that can squeeze higher as long as the current markets remain in melt up bullish mode.