MAXR big move coming soon
Hello, today I will talk about MAXR one of my favorite stocks since its space and who doesn't love space. Based on VPVR levels, support lines, and the slow down turn. We can suspect a big move likely to hit around next week on Wednesday unless we trade sideways .
Support zones to buy are the following
-9.98-9.85
-9.07
-and unlikely to hit before next Wednesday if we are bullish is 8.21
Why am I bullish? iIsee sideways consolidation since the inital dump of covid and hasn't been really moving much with the market, so we can suspect some catch up along with the United States reopening. I do suspect some mediocre earnings next round, but if they are smart increase in R&D during this crises like NNDM has done.
TA
-We are in a downtrend, but have been consolidating and creating higher lows with a double bottom around 9.07
-MACD is bullish, but is sideways showing uncertainty among weather to be bullish or bearish.
-RSI is the same as MACD and is Neutral
-Trading is a Sell on the hourly
-Most bullish thing is we are above the 50ema on the hourly and if it holds we will see major bullish movement, so one week is a good timeframe to suspect the move
I'll be bulish and have bought in at 10.15. I know I could play it smart and wait for my targets to hit, but we are already at a discount compared to our $15-$17 range and with the Space market expanding every month with Tesla and Virgin Galactic along with Blue Ocean; might be a good time to buy some discounted shares for a mid long term hold. I may buy some more shares if we go under 9.90
Support zones to buy are the following
-9.98-9.85
-9.07
-and unlikely to hit before next Wednesday if we are bullish is 8.21
Why am I bullish? iIsee sideways consolidation since the inital dump of covid and hasn't been really moving much with the market, so we can suspect some catch up along with the United States reopening. I do suspect some mediocre earnings next round, but if they are smart increase in R&D during this crises like NNDM has done.
TA
-We are in a downtrend, but have been consolidating and creating higher lows with a double bottom around 9.07
-MACD is bullish, but is sideways showing uncertainty among weather to be bullish or bearish.
-RSI is the same as MACD and is Neutral
-Trading is a Sell on the hourly
-Most bullish thing is we are above the 50ema on the hourly and if it holds we will see major bullish movement, so one week is a good timeframe to suspect the move
I'll be bulish and have bought in at 10.15. I know I could play it smart and wait for my targets to hit, but we are already at a discount compared to our $15-$17 range and with the Space market expanding every month with Tesla and Virgin Galactic along with Blue Ocean; might be a good time to buy some discounted shares for a mid long term hold. I may buy some more shares if we go under 9.90
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