$SPCE - I missed the space exploration rally
$Virgin Galactic(SPCE)$ - I missed the space exploration rally until I noticed this
I have 6 names on my space exploration watchlist, and 3 of them moved beyond their ADR% yesterday: $AST SpaceMobile, Inc.(ASTS)$ (+16%, 2xADR%), $Rocket Lab USA, Inc.(RKLB)$ (+12%, 1.6xADR%), and $Redwire Corp.(RDW)$ (+8%, 1.1xADR%).
Among the other 3 — $Momentus Inc.(MNTS)$ (+6%), $Intuitive Machines(LUNR)$ (+3%), and $Virgin Galactic(SPCE)$ (+5%) — SPCE offers the best risk-reward setup with its 2-month flat base structure.
SPCE has already climbed +34% since its all-time low on 7/8, but it's still down 99% from its all-time high. It has reclaimed the 50-MA during this base, making it an attractive opportunity if it breaks above yesterday's high from a follow through of this theme.
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