Space Stocks Ready for Takeoff

As the year comes to a close, the relative strength in space and exploration stocks is absolutely off the charts.

Steve did a great job covering them last month—make sure to check it out if you haven't already.

These stocks have been on my watchlist for weeks, and I think their time has come to continue their upward path.

Let me walk you through my two top picks that are offering an astronomical risk versus reward opportunity at current levels.

First up, we have Rocket Lab $RKLB:

After a near-vertical rally off its summer lows, RKLB has been consolidating its gains above a major polarity level, in the form of a flag pattern.

These formations tend to resolve in the direction of the underlying trend and I don't think this time will be any different.

Today, RKLB soared 7% threatening to leave the station behind. 

As long as it stays above its prior cycle highs, the path of least resistance is higher.

The next one is AST SpaceMobile $ASTS:

ASTS has spent the past three months consolidating in a well-defined range right at its old all-time highs from 2021.

With the bulls building energy as volatility is at historic lows, I’m expecting a wild move any day now.

In bull markets, not only do I want to buy the stocks that are in uptrends but the ones that are leading the way.

When I look at these two charts, it's really hard for me not to be on board.

They just bought their tickets to the moon. I did it too.

Alfonso