SSIT volume up at 160p former resistance could setup a 80% run?
Disclaimer, I hold this one in my SIPP.
There does seem to be a space race going on, and from what I have been reading there is a race back to the Moon so we can harvest it for helium. Pretty cool stuff. For the record, that has nothing to do with SSIT directly, but I do like the notion of holding a basket of space related companies where the costs of deploying to space are far cheaper than they have ever been in the past.
Anyway, price here on Friday has created a bit of a pricing anomaly. As it has approached what was the previous resistance around 160p, the price has tightened up and volume has been creeping in, so buyers could be sat here. This stock is now 80% off its highs, that doesn’t mean it will trade back up there, but I wouldn’t rule it out either.
Price target: 273p
Potential reward: 80%
There does seem to be a space race going on, and from what I have been reading there is a race back to the Moon so we can harvest it for helium. Pretty cool stuff. For the record, that has nothing to do with SSIT directly, but I do like the notion of holding a basket of space related companies where the costs of deploying to space are far cheaper than they have ever been in the past.
Anyway, price here on Friday has created a bit of a pricing anomaly. As it has approached what was the previous resistance around 160p, the price has tightened up and volume has been creeping in, so buyers could be sat here. This stock is now 80% off its highs, that doesn’t mean it will trade back up there, but I wouldn’t rule it out either.
Price target: 273p
Potential reward: 80%
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Declinazione di responsabilitĂ
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.