Some thoughts on further SPCE price dynamics within 1-2 next weeks.
SPCE will continue the upward movement till 60$ with a futher possible retracement to build up a C&H pattern with a next target around 68$. Closer to earnings we might see a price reversal or a breakout to new highs.
SPCE will continue the upward movement till 60$ with a futher possible retracement to build up a C&H pattern with a next target around 68$. Closer to earnings we might see a price reversal or a breakout to new highs.
Trade active
Comment:
It is possible that price will break over the resistance trendline- in this case we will reach first target at $60 in shorter time.
Trade closed: target reached:
TP reached at 56, now waiting for a retrace to reenter at lower level.
Trade active:
SP from 57 till ~55.
Trade closed: target reached:
Short Position target at 55 reached.
Comment:
Out of trades on this - monitoring.