BlackSky | BKSY | Long at $1.09

Aug 18

BlackSky Technology BBKSY is a small company focused on satellite imagery tech. It's another name from the SPAC-boom era that suffered a massive price drop - reaching a high of $17.41 in 2021 and a low of $0.86 in 2024. However, based on my selected simple moving averages (SMAs), there may be a price "influx" soon as it merges with its primary SMA (white line) and consolidates further or rises. Fundamentally, the company needs more time to prove itself as a growth/earnings generator, but in the near"er"-term, there may be some price movement in its future. It's currently in a personal buy zone at $1.09.

Target #1 = $1.50
Target #2 = $1.75
Target #3 = $2.00

Sep 5

Trade closed: stop reached

1-to-8 reverse split. Trade closed at $1.00 with loss. ❌❌❌