SPCE has recently pulled back to the common . If SPCE makes a recovery to the 1st TP it offers a 50% ROI and if it makes a recovery to the 2nd TP it offers a 150% ROI .
The indicates that SPCE is oversold and now in a downtrend
The is oversold
The looks like the selling pressure is getting exhausted and we might see an ascending buying pressure.
It could also be an but with the tight entry, the downside potential is relatively small.
When To Buy:
When the is in an uptrend and when the gets some ascending buying pressure
When To Sell:
I recommend selling at the first take profit if it's having trouble breaking out. For example, if it tests the first TP and heads any lower than 28$ then close your position however if it stays above and breaks the first TP hold till the second one and immediately close your position since we usually see low when it's about to reverse to the downside.
Fundamentals: They aren't an established company yet and have less than a million dollars in sales so if you have no problem with companies like so then feel free to add it to your watchlist.
Rating (On technicals): 80/100 the technicals look pretty good and the ROI potential is definitely there however make sure to buy when you see an indication of a reversal since it could easily break below the because of the pattern. Make sure to use risk management since this is a relatively volatile stock.
I hope you enjoyed this quick analysis and many more to come.
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