Planet Labs PBCLong
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:
Trade closed: target reached
TP 1 reached, TP 2 still in play, may see a re-test of the area halfway between the 2.77 neckline and TP 1, or even all the way down to the 2.77 neck, IF it doesn't just continue up to TP 2:
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