Idea for UFO, stocks and indices:
And there shall be upon every high mountain, and upon every high hill, rivers and streams of waters in the day of the great slaughter, when the towers fall.
UFO PT: $11
BTC PT: $6k
SPY PT: $60
UVXY PT: $1100
FEDFUNDS PT: 60
Space ETF (UFO):
The UFO is a space-related stocks ETF, it is traded 1.2% down yearly.
3 Month Avg Volume 38.1k
1 Month Avg Volume 78.1k (2X)
(Name / % ETF position size)
1. IRDM 5.95%
2. ORBC 5.66%
3. MAXR 5.30
4. TRMB 5.29%
5. LORL 5.02%
If we break the rally into the Eliot impulse wave we can see :
Candle analysis provides bullish view considering recent 2 window up gaps. Consider same as strong bull technical signal.
Macro wise UFO is inside space cash narrative. Bullish again.
Spiritual wise the time has come for Full Disclosure which is mega bullish for UFO.
Disclaimer: am long UFO as 4% of my Portifolio. First purchase at usd 26 then during Plandemic...
I like this play as a long term hold and seems to have broken the 27.00 range. Looks like a darvas box breakout on low volume. I would expect a retest of 27.00 as a cool off of the current run, then moving higher again. slightly overbought, but i wouldn't expect it to make a full correction. 27.00 has now become strong support. I would enter at 27.00 and set a 1%...