I've been trying to catch some of these SPAC waves (stocks like NKLA, SPCE, etc), and I think this one is next. It's a bio stock, so there's not much of a 'main street' story, but I love the reversal pattern. THis is a good example of 'scallops'.
THE TRADE:
See how volume is tomorrow. If it's decent, buy at around $11.10, stoploss of 9.94. PT 1 of $14.49, PT2 of $22.89.
It's just a shame you can't get options on it.
THE TRADE:
See how volume is tomorrow. If it's decent, buy at around $11.10, stoploss of 9.94. PT 1 of $14.49, PT2 of $22.89.
It's just a shame you can't get options on it.