Are we finally seeing the bottom for ASTR? (a triple bottom)
These guys can't seem to get anything working right
- multiple failed launch attempts
- continuous delays
- deviation from original mission (smallest launch vehicle and smallest $ to orbit)
But, are the technical showing us potential upside? Possible trade:
Buy $0.50
Stop Loss $0.48 (4% downside)
Limit Sell $0.60 (20% upside)
The case against a triple bottom is the July/Aug 2022 scenario where it did not work out (slightly different setup where there was a lower low and then a higher triple bottom - e.g. not a great setup to the pattern). Other risks to this triple bottom is that there is no compression happening (e.g. higher highs after each bottom rather than lower highs).
These guys can't seem to get anything working right
- multiple failed launch attempts
- continuous delays
- deviation from original mission (smallest launch vehicle and smallest $ to orbit)
But, are the technical showing us potential upside? Possible trade:
Buy $0.50
Stop Loss $0.48 (4% downside)
Limit Sell $0.60 (20% upside)
The case against a triple bottom is the July/Aug 2022 scenario where it did not work out (slightly different setup where there was a lower low and then a higher triple bottom - e.g. not a great setup to the pattern). Other risks to this triple bottom is that there is no compression happening (e.g. higher highs after each bottom rather than lower highs).