Can this company prove itself?
Updated
Technical
Major support at $4.10 (S1)
Major resistance at $5.25 (R1)
Support at S2 would signal a reversal (Maybe short term (1-2 weeks))
Fundamental
VSS Imagine not ready, maybe 2023 (2 flights per month)
VSS Unity ready to fly (1 flight per month), VMS Eve upgrades/maintenance to be completed in 4th quarter.
Test flight early January + glide flight (VSS Unity)
Then spaceflight both Unity and Eve
First commercial service Q2 2023... (Italian Air Force)
If these targets are met, parabolic move possible. ~$20 price target.
Profitability not till Delta class in 2026 (Cadence of 1 flight per week). 4 years, targets met ~$200 price target.
Major support at $4.10 (S1)
Major resistance at $5.25 (R1)
Support at S2 would signal a reversal (Maybe short term (1-2 weeks))
Fundamental
VSS Imagine not ready, maybe 2023 (2 flights per month)
VSS Unity ready to fly (1 flight per month), VMS Eve upgrades/maintenance to be completed in 4th quarter.
Test flight early January + glide flight (VSS Unity)
Then spaceflight both Unity and Eve
First commercial service Q2 2023... (Italian Air Force)
If these targets are met, parabolic move possible. ~$20 price target.
Profitability not till Delta class in 2026 (Cadence of 1 flight per week). 4 years, targets met ~$200 price target.
Note
A daily close above R1 looking likely. Entering a new range (LONG).Note
Entered new range, R2 being $5.60 R1 flipped and became S3 (LONG).Daily RSI > 66.
MACD range 0.10 and still expanding.
Short term trend? 25 days, Low volume.
Note
Here we go...
Disclaimer
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.