SPCE is heading towards it's nearly point ever.
It's the only historical resistance levels available, are 14.50$, 11.50$ and then 10$.
The first one has recently been crossed - 14.50$.
Next level to expect is 11.50$.
If it goes very bad to SPCE, it may reach 10$ or lower.
Expectation is that within several weeks it will touch 11.50$, and bounce back upwards, although we can't know in advance.
So, let's get ready to see the 11.50$ touchdown.
It's the only historical resistance levels available, are 14.50$, 11.50$ and then 10$.
The first one has recently been crossed - 14.50$.
Next level to expect is 11.50$.
If it goes very bad to SPCE, it may reach 10$ or lower.
Expectation is that within several weeks it will touch 11.50$, and bounce back upwards, although we can't know in advance.
So, let's get ready to see the 11.50$ touchdown.
Comment:
As expected, the price has reached 10$.
Next step, expecting the 7$ level.
Next step, expecting the 7$ level.
Trade active
Comment:
The stock has reached and bounced from 7.60$, although I expected it to be at 7.15$, with further possible fall.
Since SPCE is not planning any flights at least in the first two quarters of 2022 + they issued debt notes for 1/2 billion $, the stock is highly likely to return to 7$ level for long months, with possible dives to 6$ or even lower.
Since SPCE is not planning any flights at least in the first two quarters of 2022 + they issued debt notes for 1/2 billion $, the stock is highly likely to return to 7$ level for long months, with possible dives to 6$ or even lower.
It was a good potential entry point, although considering the PE factor, I would expect it to touch it again or even reach the 10$ level.