SIDU Potential in the weeks ahead
This is my 2nd post on this stock. Last one was from July 5th 2022.
From when I initially charted this plan (refer to my old post), it had failed to successfully execute the MACD Cross. which resulted in it failing to close above the 20 EMA as well. Since then we have seen a surge in interest from the news 4 days ago "finance.yahoo.com/news/sidus-space-expands-relationship-increases-130000814.html" and again from the news 2 days ago "finance.yahoo.com/news/sidus-space-fabricates-hardware-support-130000965.html"
Although not all news carries fundamentals to encourage an increase in demand, it is however something that sheds light once again on the fact that this is a stock that has a 3.5 Billion dollar 10 year contract deal.
With that said, the news has helped it push above the $4 mark which is where we saw a momentum push to the $5 mark. Although the week closed off with a bear candle, the fact that it closed above $4 for me keeps me interested in it to have further continuation into the weeks ahead. The highest price on this stock is in the $9 zone. I will be watching to see if this has the juice we need to rocket into orbit. Maybe more news can assist? I am personally looking for an entry in the $5 zone as I expect to see a solid pull up from there. We will also need a good technical setup like the most recent MACD cross that helped push it from the $3 zone to the $4 zone. (Not financial advice)
From when I initially charted this plan (refer to my old post), it had failed to successfully execute the MACD Cross. which resulted in it failing to close above the 20 EMA as well. Since then we have seen a surge in interest from the news 4 days ago "finance.yahoo.com/news/sidus-space-expands-relationship-increases-130000814.html" and again from the news 2 days ago "finance.yahoo.com/news/sidus-space-fabricates-hardware-support-130000965.html"
Although not all news carries fundamentals to encourage an increase in demand, it is however something that sheds light once again on the fact that this is a stock that has a 3.5 Billion dollar 10 year contract deal.
With that said, the news has helped it push above the $4 mark which is where we saw a momentum push to the $5 mark. Although the week closed off with a bear candle, the fact that it closed above $4 for me keeps me interested in it to have further continuation into the weeks ahead. The highest price on this stock is in the $9 zone. I will be watching to see if this has the juice we need to rocket into orbit. Maybe more news can assist? I am personally looking for an entry in the $5 zone as I expect to see a solid pull up from there. We will also need a good technical setup like the most recent MACD cross that helped push it from the $3 zone to the $4 zone. (Not financial advice)
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