Late January - mid-February price target of R3 ($6.11). R2 ($5.60) still being tested, another test and flip of support likely. Before catalysts such as earnings, news or PR.
We've had a golden cross and high volume that's stayed constant. The MACD is still wide and shows no signs of narrowing long term. Likely, we're entering the consolidation phase before the next move up. If you want to enter, now is a good time. When news does arrive, we're definitely going to explode past R3, as SPCE truly gets going (I personally see this as the most likely scenario). On the other hand, if another delay is to occur due to testing etc we will plummet substantially.
@flxtcha, Nope, that's called gambling mate. y0182187428 there is right. Sorry to dissapoint you but you're gambling.
flxtcha
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@ThreeTrillionUSDPonzi, over 1 billion in cash. Ground tests happening very soon. Commercial flights due to start Q2 23. Numerous catalysts on the horizon - several flight tests, famous passengers to be announced, further completion of maintenance.
This is all without considering current short float which is high (>20%)
2023 will not be the year of recovery or growth for the stock market as a whole, we’re in a 1970s style market where inflation isn’t under control. Companies with previous debt are well positioned for growth if they can achieve their goals.
That's an insolvent company in 12-18mo time.