MNTS short cover rally preparing to resumesell cycle appears to have been completed. short vol ratio data suggesting we will resume higher soon.
expecting recovery of 2.10 level by q1 2025, at which point the first portion of profits will be secured.. the rest would be held speculatively to 5$-10$ ranges.
lots of bullish macro-economic narrative developments as well to fuel the rally higher.
MNTS trade ideas
MNTS possible uptrendDon't see too many ideas on MNTS here, so decided to contribute.
Bullish news over the past weeks could lead to a possible big run to the upside
Retracement hit the 0.786 in June and could be the start of a wave 3
Got to break and hold 0.382 first, only valid if picks up "momentus" :)
Just my humble assumption, not financial advice. We are all in this planet crossing the void of the universe trying to make some pocket money.
Have a good one!
MNTS- Momentus secures federal contract LONGMNTS is now contracted with the Pentagon and NASA for space exploration work including
satellites and a space station pages.optimallivingdynamics.com
Traders and investors reacted in the past day or two. MNTS is currently priced at about 99.9 %
of its ATH of about $1250 three years ago. Accordingly, it is a penny stock with a potential
1000X upside. That is to say $ 1000 could become $1 M. 135 million shares traded in the past
day. Revenue increased 4X quarter to quarter. The Price X Volime Trend had and impressive
pop I will take a speculative long trade here for a long duration swing trade to see if
MNTS can launch higher.
MNTS multiple launch agreements with SpaceXMNTS Momentus is an U.S. commercial space company that plans to offer transportation and other in-space infrastructure services.
They recently announced that they have signed multiple launch agreements with SpaceX.
On 1/10/2022 Deutsche Bank Initiated Coverage on MNTS with a Buy rating and a Price Target of $10.00
If we look at the chart, this is also a strong resistance ahead.
Looking forward to read your opinion about it.