SPCE - Fundamentally, I'm bullish (long position) on this. With the mothership flight test success, and the hope of spaceplane future flight test could be a baby step heading in the right direction. Additionally, the recent SpaceX news could also pump all the space industry. However, TA is showing an island reversal at $29.2 areas (potential for gap fills). Over 34.8 for a call tg1 36 tg2 37.5 (daytrade) Sell loss -20%
I have plan for both sides. As I mentioned I’m long bullish. However, the chart is showing an island reversal. No bias, I trade based on what we see, not a hope. Good luck 😃
jjrazaf7
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There’s no gap feel here anytime soon unless something bad happens for the next test flight, which I really hope not!
MDingz
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If it even gap fills, ...
broozda1
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Interesting. I don't see the gap fill being a justification to retrace back into that zone, considering we've traded in that area in the past.