Major support at $4.10 (S1) Major resistance at $5.25 (R1) Support at S2 would signal a reversal (Maybe short term (1-2 weeks))
Fundamental
VSS Imagine not ready, maybe 2023 (2 flights per month) VSS Unity ready to fly (1 flight per month), VMS Eve upgrades/maintenance to be completed in 4th quarter. Test flight early January + glide flight (VSS Unity) Then spaceflight both Unity and Eve First commercial service Q2 2023... (Italian Air Force)
If these targets are met, parabolic move possible. ~$20 price target. Profitability not till Delta class in 2026 (Cadence of 1 flight per week). 4 years, targets met ~$200 price target.
Comment
⋅
A daily close above R1 looking likely. Entering a new range (LONG).
Comment
⋅
Entered new range, R2 being $5.60 R1 flipped and became S3 (LONG). Daily RSI > 66. MACD range 0.10 and still expanding. Short term trend? 25 days, Low volume.