Space Stocks Look Ready to Moon 🌤️ The Morning Print
Good morning!
Space stocks are starting to look primed for another run.
Here's the setup.
The space theme has been a great pond to fish in over the past couple of years.
Since bottoming in April 2024, the Procure Space ETF ($UFO) has rallied over 200%, an incredible move for an ETF.
Looking at the chart, the behavior has been clean and consistent: Base - Rally - Consolidate - Continuation.
This is a textbook uptrend.
$UFO is now breaking above its downward trendline after digesting the gains from its prior rally.
If this breakout holds and momentum continues to build, space stocks are likely going to the moon.
The Morning Print is brought to you by The Chart Report.
If you would like to share a chart or just say hi, shoot us an email at info@thechartreport.com.
