LUNR failure mission led the stock to free fall drop to prices that doesn't reflect the stock performance.
Many don't know that the mission failed to land but actually LUNR delivered to NASA valuable data through out the entire mission which means it wasn't 100% failure.
With that being said Technically the stock reached Good Area the 1h Green zone is good zone for price to return to bull run.
We have two scenarios must happen at 1h Green Zone:
One scenarios: strong buying volume reversal Candle. Two scenarios: Fake Break-Out of green Buying Zone.
Both indicate buyers stepping in strongly. NEVER Join in unless one showed up.
if this zone failed I strongly believe the stock will Free Fall to the 4h Green Zone which roughly represent 50%~ Fall below current today prices.
Again. Never Join Before Confirmation
Take Care!
Note
the P. Low (Previous Low) & P. High (Previous High) Acts as strong Support and Resistance zones once price reach these line watch out for any selling pressure to exist the trade
Note
the POC Blue zone is potentional strong Support for the stock
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.