Planet Labs Bottomed?
Updated
Promising company, promising tech. Looks like it already bottomed, if not in the process of bottoming.
CEO came from NASA Ames research lab, invented micro-satellites. Found much cheaper ways to produce them, put a large (if not the largest) array of them into low earth orbit and are taking daily high resolution photos of the entire planet + AI tools to analyze changes or notice similarities across the earth. Very valuable information to be gleamed from data like this.
Targets = $4.38 and then $5.51, pre-req of breaking and holding above $2.77.
Not far from ATLs now. Good entries anywhere under 2 bucks, or even where it sits now if you don't mind a litte extra risk.
CEO came from NASA Ames research lab, invented micro-satellites. Found much cheaper ways to produce them, put a large (if not the largest) array of them into low earth orbit and are taking daily high resolution photos of the entire planet + AI tools to analyze changes or notice similarities across the earth. Very valuable information to be gleamed from data like this.
Targets = $4.38 and then $5.51, pre-req of breaking and holding above $2.77.
Not far from ATLs now. Good entries anywhere under 2 bucks, or even where it sits now if you don't mind a litte extra risk.
Trade active
Daily chart also has multiple unfilled gaps at much higher price targets, and the 50/200 daily SMA have golden crossed for the first time ever. 50/200 day EMA (not shown below) are approaching a golden cross as well:
Note
Closed the day above the 2.77 neckline, potentially confirming the larger move up. We need to hold above 2.77 on any re-test. There is a daily gap around 2.66-68 that could get filled during re-test, so we may see a pullback below the neck:
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