Big Picture: bounced nicely around .786 FIB. This should act as key support.
Short/Mid term: bounced also nicely around .786 FIB; IMO with a good PR (flight), SPCE might be able to break the resistance line and see 26 & 32; potentially triggering a short squeeze pushing this to ATH.
Potential dip before/after earning call.
If a flight incident happens this will be worthless.
Stop-loss and targets are given in the chart.
Short/Mid term: bounced also nicely around .786 FIB; IMO with a good PR (flight), SPCE might be able to break the resistance line and see 26 & 32; potentially triggering a short squeeze pushing this to ATH.
Potential dip before/after earning call.
If a flight incident happens this will be worthless.
Stop-loss and targets are given in the chart.
Note
SPCE broke resistance; while ppl panicked after the flight test delay; Cathy Wood increased her position. 24.30-24.5 should be the next resistance.Trade closed: target reached
Target 1 reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.