This is a SPAC looking for a target in the fintech space. Price is relatively low right now with floor around $10.
If it lands a deal with the rumored target BlockFi this could be worth $18-$30 with the hype and growth that crypto currencies are experiencing. Should this be other fintech targets I think it can still be worth more than it's current price.
Likely time horizon: 0~3 months hold
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Update with rumor on Bloomberg that the merger target would be MoneyLion. I still maintain the same price targets and would be a good time to hold warrants
10 dollars is the floor, I am pretty sure it will not drop below 11.50 in this upcoming trading week, but I am assuming that the market conditions is relatively healthy.
Guruoffinance
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over purchased? high rsi. how about the warrants at least there leveraged
trilliondollar
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@Guruoffinance, Yup I bought the warrants not the stock, but since the warrant mirrors the main stock movement it makes more sense to track this one.
RSI doesn't matter that much for SPACs since it doesn't have much history price in the chart. The floor is always around $10 and it has been seen in other SPACs that price can still go higher even if the RSI is 80~90+.