Trade Update Volatus Aerospace Inc.
The setup is working so far, with price behaving exactly as planned. FLT.VN (TAKOF on the OTC) is bouncing off the resistance area where they did an offering at around $0.71 a few months back. Price is currently riding the 10-SMA. My updated risk is a close below the 20-day simple moving average, which is roughly where my entry was.
Other names I’m watching for potential swing setups include BBAI, BITF, SES, IONQ, JOBY, XPEV, BTQ, AERG, NPPTF, MHUBF, GSIT, and NEXCF. These are all showing signs of their moving averages starting to stack, which is something I like to see before entering.
On the short side, I’m watching UURAF and GLASF. UURAF has run roughly 75% recently and is now pushing into resistance, so a pullback wouldn’t be surprising. GLASF stands out as one of the few cannabis names that hasn’t fully retraced back to its post-hype lows from late last year.
FNMA has been hit hard and pushed down into the mid-$8s, slicing through its moving averages. If it dips into the low $8s to high $7s, I’ll be watching closely for a bounce or swing setup.
Out of everything on my watchlist right now, FLTVN (TAKOF) still looks like the cleanest swing opportunity with more volume coming in.
