Space Theme next leg higher?
A couple of names I am watching and how I tweaked my process
For the past almost 7-8 months this has been a traders market. Very few themes/names working since almost September 2025. The entire Space theme ran quite a bit earlier in the year and I think it is looking good again with several names having pulled back and built bases over the past few weeks. The looming SpaceX IPO later this year could be a major catalyst as well. Of course all this is if the market holds up at the current levels.
A bit about my process - I’ve shifted away from buying breakouts to buying at support levels and selling/shorting at resistance levels given the choppiness of the environment because breakouts keep failing. Its more work but the amount I risk per trade has gone down significantly.
Take the example of BE 0.00%↑ chart below. I’ve drawn AVWAP (Anchored Volume Weighted Average Price) lines one from the previous breakout and one from the previous low and see how the stock keeps bouncing off those levels. Even without AVWAP you can simply eyeball the ~150 level to be a major support level and the ~165 a major resistance area. Given the choppiness of the market this seems to one of the one of the few plays that are working. Either buy as the stock comes close to resistance levels, or as it undercuts and rallies back up.
Names I am Watching
RocketLab: RKLB 0.00%↑ Broke out of the base earlier last week but wiped out the gains after a new offering. Look to accumulate in the support zone.
FLY 0.00%↑ Could be interesting here but much lower confidence than Rocket Lab
Intuitive Machines LUNR 0.00%↑ Another name that has been building out this base for some time. Its bouncing off the red trend line. Could be a good bounce trade if it hits those levels but could also breakout from here. It actually broke out on Friday but failed.
Planet Labs PL 0.00%↑ This is the 4th EP (Episodic Pivot). Not sure how much steam it has left but I will be watching it over the next few days to see if I can get an entry below 33.
ASTS 0.00%↑ Might require some more time of sideways action before the next leg.
Sidus Space SIDU 0.00%↑ More of a high risk high high reward play. It looks like it is setting up for a major move. I was tracking it a few months back but missed the entry before it took off, I think it might be making another large move soon and is actually better set up this time. These small cap shitcos can really move, you can up 50% one day and down 100% the next.
Other Names I am tracking.
Will share charts on X.
NBIS 0.00%↑ , KTOS 0.00%↑ , AEHR 0.00%↑ , KLIC 0.00%↑ , VIAV 0.00%↑
CIEN 0.00%↑ , SNDK 0.00%↑ , FSLY 0.00%↑ , TSEM 0.00%↑