$SPCE Long, double returns from now.
We are approaching lowest level YTD ~$17.30.
Expected to bounce to resistance ~$22 in the short term (profits).
Fall back again before good take off, probably after some "on track for Q4 2022 space travel" news.
One year best target could be $36 which is double from now.
I would then expect some delays for space travel in 2023, because it's just too hard to be on time. Price would suffer slightly from that before rocketing to what could be an easy $20 billion market cap business (x10 from now).
Not a trading advice, let me know if that sounds a plausible scenario.
Expected to bounce to resistance ~$22 in the short term (profits).
Fall back again before good take off, probably after some "on track for Q4 2022 space travel" news.
One year best target could be $36 which is double from now.
I would then expect some delays for space travel in 2023, because it's just too hard to be on time. Price would suffer slightly from that before rocketing to what could be an easy $20 billion market cap business (x10 from now).
Not a trading advice, let me know if that sounds a plausible scenario.
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