nathanielx9

$ASTR Eyes On The Sky

Long
NASDAQ:ASTR   Astra Space, Inc
This week ASTRA or ASTR will be launching a test rocket for the United States Space Force delivering its capabilities over other companies like Rocketlabs, SpaceX, and more. Astra had many failures, but was able to achieve orbital launch, so this Friday starting at 1pm pt time they will have a window open till September 13th to launch the Rocket.

News
-Too many, but many contacts with Space Force, DoD , Nasa , and others
-Got license to launch from Kodiak till 2026
-First commercial launch starting Friday with 2 more planed by eoy
-Building their manufacturing building for satellites
-Their monthly rocket will be ready by eoy

TA
-Roughly at 9.50ish there's some circles you see. These represent past resistance and support from Mid July till now
-VPVR levels have built up at 10.62-11.25, which at current pricing is a 16% move to the upside at max
-Other key zones or past targets I had from Holicity or $HOL hits at $13.33 and now $16-$18
-RSI trends down and lends bearish
-Macd is folding up to show bearish movement, but could bounce back bullish
-If the current price falls, next target is $9

Final Thoughts
I'm bullish on this stock and this week we could see the $12 again with prime target of $16-$18 before the launch. This is a high risk stock, but its development as pushed forward and with recent $SPCE and $VECQ news I will be remain bullish on this stock over the others.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.