Hello fellow traders,
First I want to say thank you for the likes and feedback on my last post.
As you can see in my chart, SPCE still look bullish with a pretty good volume, we did tested resistance, and break it, yet it got kick back a little mostly because the launched for SPACEX got postpone. I can see it break through by Monday and head to the next major resistance line which is around $22.00. However, it's all depends on SpaceX launch this coming Saturday. Some of you traders may wonder why the launch matter so much even tho SPACEX is a different entity have it's own goal --Well, on Wednesday, roughly 20 minutes before the launched NASA and SPACEX postponed the flight due to bad weather and at the same exact times SPCE dropped sharply. Remember SPACEX is a private company, if it can bring human to space so are other companies (SPCE), that's how investor will look at it. The launch will have a big effect on the stock movement.
Any feedback is greatly appreciate.
Please trade at your your own risk. this is not a financial advice.
First I want to say thank you for the likes and feedback on my last post.
As you can see in my chart, SPCE still look bullish with a pretty good volume, we did tested resistance, and break it, yet it got kick back a little mostly because the launched for SPACEX got postpone. I can see it break through by Monday and head to the next major resistance line which is around $22.00. However, it's all depends on SpaceX launch this coming Saturday. Some of you traders may wonder why the launch matter so much even tho SPACEX is a different entity have it's own goal --Well, on Wednesday, roughly 20 minutes before the launched NASA and SPACEX postponed the flight due to bad weather and at the same exact times SPCE dropped sharply. Remember SPACEX is a private company, if it can bring human to space so are other companies (SPCE), that's how investor will look at it. The launch will have a big effect on the stock movement.
Any feedback is greatly appreciate.
Please trade at your your own risk. this is not a financial advice.