Now its true SPACs have got beat down and its hard to valuate a future potential of a company. HOL or ASTRA is a company I believe that will be successful just by the field its getting into. The question is what will SpaceX or Blue Origin do in the future. Will they be in space exploration or be like an Amazon and dive into every field and niche of the space field/economy. For now Astra from reading about them is they will be the Space Transportation company of goods and materials in Space. As Virgin has the hospitality sector, which is pointless at this time and SpaceX is getting contracts with NASA too send astronauts too Space and now got one to go to the moon. Other Space plays is MAXAR, which is a safe play, but won't know its value with StarLink IPOs which may take market share from them. If you don't care then the UFO etf is a safe play that has a little of everything or the new and risky etf atm is Cathie Wood's ARK X etf, but I trust Cathie, so diversity into both ETFs might not be that bad.
News
-Now there isn't much, but the biggest one is on Mar 1st, they partnered up with NASA too use them. It's a big step and something too take in consideration with this downtrend
-Q2 the ticker and name of the stock is changing to the proper ASTRA
-SPACS have got hit pretty hard with a new consider in the sec that might have different views on SPACs which causes fear.
-Whole market (besides crypto) have been in a downtrend
TA
-We are sitting at atl/premerger levels. Buying now is buying when VC/early buyers into HOL (separate from ASTRA. The name and ticker hasn't changed yet)
-RSI we are considered oversold, but havn't hit way oversold levels with resistance at 56.32. This may be common as SPACs havn't recovered yet but leans bullish and a swing trade, but bearish atm
-MACD is bullish
-50 EMA sits at 10.35 and we havn't made a move towards it, yet even with other space news such as the first flight on MARs vi drone or the deal with SpaceX going too the moon
-Support lines don't excist, so we are buying a "falling knife" with an unknown bottom.
-Resistance is at 10.37/50ema, 11.37, and 12.28 in the short term
Final Thoughts
At this time you might want to buy with spare funds, since a name change could be a catalyst with investors going to ASTRA's website than Holicity. I'm a long term believer as well, since space transportation will be massive and with NASA hiring more private companies it looks like it will only go up. During SpaceX mission too the Moon, I do see this company picking up steam as they would need to transport more materials and goods to help supply the space route too the Moon from Earth as we build a moon base. This is a pure spec play as well, so to lower the risk a space etf is for you.
News
-Now there isn't much, but the biggest one is on Mar 1st, they partnered up with NASA too use them. It's a big step and something too take in consideration with this downtrend
-Q2 the ticker and name of the stock is changing to the proper ASTRA
-SPACS have got hit pretty hard with a new consider in the sec that might have different views on SPACs which causes fear.
-Whole market (besides crypto) have been in a downtrend
TA
-We are sitting at atl/premerger levels. Buying now is buying when VC/early buyers into HOL (separate from ASTRA. The name and ticker hasn't changed yet)
-RSI we are considered oversold, but havn't hit way oversold levels with resistance at 56.32. This may be common as SPACs havn't recovered yet but leans bullish and a swing trade, but bearish atm
-MACD is bullish
-50 EMA sits at 10.35 and we havn't made a move towards it, yet even with other space news such as the first flight on MARs vi drone or the deal with SpaceX going too the moon
-Support lines don't excist, so we are buying a "falling knife" with an unknown bottom.
-Resistance is at 10.37/50ema, 11.37, and 12.28 in the short term
Final Thoughts
At this time you might want to buy with spare funds, since a name change could be a catalyst with investors going to ASTRA's website than Holicity. I'm a long term believer as well, since space transportation will be massive and with NASA hiring more private companies it looks like it will only go up. During SpaceX mission too the Moon, I do see this company picking up steam as they would need to transport more materials and goods to help supply the space route too the Moon from Earth as we build a moon base. This is a pure spec play as well, so to lower the risk a space etf is for you.
