Yesterday's NASA related news
The reason Momentus Inc rose by +150% in after-hours trading yesterday was due to the news that NASA had selected MNTS as one of three idc service providers. It dropped by +100% in the evening and pre-market, but during the opening bell, it surged by +100% and eventually rose by up to +252% in the late night (triggering a circuit breaker midway). However, it then decreased by as much as +84.2% towards the close. As you can see, buying at the opening bell and selling in the late night results in a lucrative trade of +150% within the day. By closely observing the candlestick, you can determine whether it presents an opportunity. Have the courage to enter the market, sell immediately if the price unexpectedly drops after buying.
Understanding how to read the candlestick and order book can dramatically reduce the instances of buying when the price falls and selling when it rises. Note that the buy orders and sell orders displayed on the pie chart may not actually be executed, and it can be inferred from price movements whether these are visible orders set by institutions or actual trading orders. Additionally, thick buy orders tend to increase towards the end.
Given that Momentus Inc was oversold in the latter part, it is advisable to keep an eye on it at the beginning of the week. This is because the collaboration with NASA is not a one-day event. When low-priced stocks move, it is crucial to discern whether it is a one-day occurrence or the start of a reversal rally. The rate of increase is incomparable to regular stocks.![]()
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