This is the 3rd part of our 'Year of the Ox' picks.
On the first episode we looked back in 1961 (the last year of the Metal Ox) and the similarities with today (recovery after recession, then and now!)
The second part was our analysis on the Softer (Yin) Metals, especially Lithium and Nickel.
This third part is focused on Aerospace which is an industry I...
On my previous analysis I foresaw a 60% profit, and I was short, we are now over 100% well in profits if your entry was at the golden pocket fibonacci retracement.
Now on this analysis, I can see SPCE moving inside a macro-channel, with high probabilities to touch the upper edge of the channel, reaching 100 USD if the following test of VSS Unity is...
The Setup
Northrop Grumman has made a support trend line since 2013, and it now looks to be bouncing from that line after approaching it Friday. NOC also has support at 287 from recent lows. More importantly, NOC has a positive news catalyst after announcing a $2 billion buyback program this morning.
Value
NOC is a pretty compelling value. I estimate forward...
Huge dump 17. feb, right before the big correction.
RSI not much oversold yet
MACD has no cross yet
don't see a huge buy volume at support level 40 ish.
Will follow the bearish channel down IMO.
SELL
AgEagle Aerial stock jumps in wake of AeroVironment's Arcturus deal
AgEagle Aerial Systems (NYSEMKT:UAVS) shares fly up 21% after a $405M acquisition announced late yesterday in the unmanned aircraft systems space may be be raising investors' hopes for more consolidation in the industry.
After Wednesday's close AeroVironment (NASDAQ:AVAV) agreed to acquire...
Apologies for the many 'rockets' lately, we have been using the rocket on our Bitcoin chart but originally the rocket things started from and belongs to XAR AEROSPACE AND DEFENCE ETF.
Fundamentally, with the huge amounts being invested in aerospace (and defense), this sector is expected to fly and to thrive.🚀
Our market segmentation analysis has proved to help...
Long idea for SPCE.
I identify a double bottom pattern on the daily chart, that may be doing a retest on the neckline (red rectangle area), which happens to be the 0.618 retracement and also a weekly support at around 23 USD.
If the retest is successful we may be looking for a 60% upside on this trade in the long term. Invalidation of this idea, is if it does...
It appears BA is currently in Wave 3 of a possible 5 Wave sequence. Each wave has it's own series of impulse waves within the larger overall wave. Key areas to look for as the chart develops:
215.37 has been a good area of supports and any drop below this could bring the following retracement levels:
Retracement Levels:
(.382) - $205.25 - Hit this level in...
Howmet manufactures components for the aerospace, ground transportation, defense, and industrial sectors including aluminum sheet, plate, extrusions, and other specialized parts.
November's Q3 earnings report showed a 37% decrease in revenue Y.O.Y compared to Q3 2019. This was likely due to the pandemic's impact on commercial air travel and aircraft...
Monthly
Strong Downtrend due to Covid and lost of orders on Boeing.
Weekly
Strong uptrend with Gaps
Restoration of industry.
After retest ( Double Bottom)
Daily
Uptrend
OPEN LONG 34
SL 29
TP 50 and 62
RR 6
Monthly
Corretion in uptrend.
Could be bought
Weekly
Dowrntrend
Wave 4.
RSI good to buy
Daily
Due to vaccine i expect growth of aerospace and AJR in particular.
Open 37
SL 33
TP 54
RR 4.3
We have been doing so well on AEROSPACE AND DEFENCE ETF and happy to say it has just broken 2 majpr resistance levels in 1 session!
We are keeping our buy positions until it reached record highs and will be keeping an eye on this for the future.. for a long time
Fundamentally, aerospace and defence are industries that have a bright future and are becoming...
