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.
Comment:
$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