Blacksky looking at an early uptrend and longgggg

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BKSY has been stealthily forming a new high after breaking above the larger falling wedge which started since September 2021. Moreover, the stock has formed a pair of higher low and judging from the strong bullish price action and momentum, the stock is likely to break above the new high.

Long-term MACD is looking good as the histogram is positive and MACD/signal line has trend above the zero line.

Stochastic Oscillator (62, 12,12) looks at a steady rise and is not overbought yet.

23-period ROC is psoitve and rising steadily.

Volume surge and stays within a strong, healthy expansion

Directional movement index displays a strong bullish strength signal

Overall bullish score is at 8/10. Metrics is based on 80% non-discretionary and 20% discretionary

Strategy: Buy spot at 17.58 but expect resistance at 19.61. OR buy on pullback at 12.95 or 8.83.

Target is at 53.20 and 99.32 over the longer-term period.

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