$Intuitive Machines (LUNR.US)$ 👀on move but will wait just...

Iwill TradeScared commented on a stock · Nov 8, 2024 08:34

$Intuitive Machines (LUNR.US)$ 👀on move but will wait just before moon launch trying not to lose money as much as possible, already gave as much as i can to market time to grow up ….

Risk Assessment

LUNR's current financial standing, including high operating losses and negative cash flow, suggests a moderately high level of risk for traders. The recent insider selling by a key director adds to concerns about the stock's short-term stability. Although the company is profitable on paper, the high liquidity burn rate limits its financial flexibility. Additionally, the stock's position not being near its 52-week high adds to the uncertainty regarding its future stock price trajectory. Given these factors, traders should consider LUNR as a risky investment under current market conditions.

Key Levels

Support Level: The stock shows a clear support level at approximately $9.75, which is vital given recent consolidative trading patterns.
Resistance Level: A resistance level can be identified near $11.85, representing a point where previous upward movements have stalled.

Trading Stretegy

The financial metrics and market sentiment reflect a need for more stable indicators before considering an investment.

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Iwill TradeScared

#unprofitable part time trader,,, time to change into professional profit or small lose taker.

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