$FLY Basing Opportunity?Firefly Aerospace Inc.NASDAQ:FLYjaxdogOverview A recent initial public offering (IPO), FLY, may be of interest for those looking to update their watchlist. The company operates in the Space and Defense sector, which adds to its appeal. Technical Analysis The 30-minute chart for FLY appears to show a shorter-term basing pattern. This technical setup suggests the potential for future upward movement, making the stock worth monitoring closely. Investment Position I currently hold a long position in $FLY. My stop-loss is set just below the lowest low, allowing for risk management while remaining positioned for possible gains.