It could be a continuation pause but doesn't feel right. More likely it reverses back down here.
Notice how Price came to rest exactly on the fractal mid-line. That downchannel fractal also got tested pretty spot on from both sides on Prices way up.
I expanded the Value Channel yet again here, doubling it. That puts any Price under 30 as target pickup but it also may never reach back down there again, only time will tell.
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Whoa sht, stocktwits takes this very seriously lol. I would love for SPCE to go exponential, it's just not the likeliest outcome on the playing field.
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I picked up more, this definitely ain't lookin bearish going into earnings and the flight...
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Damn those fractal lines are dope, still could be a H&S and fractal rejection especially if markets go red tomorrow...
I think this is a very risky bet. The probability of some accident happening in any of the upcoming flights is not trivial given the track record of the company and the complexity of hybrid rocket engines... Fatalities here doesn't mean killing some random passangers, but very famous actors, singers, etc.
UnknownUnicorn15571923
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@Fraih, any & all fatalities crater the price at these levels. IMO
ProfitHarvest
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@Fraih, Yes sadly I would profit handsomely on that dip, I don't care what direction it goes.
jeremyjgt
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I started hedging my deep itm calls with puts. I think a successful test flight may cause one final spike. You're leaning towards a selloff heading into the test flight?
ProfitHarvest
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@jeremyjgt, Leaning yes could go either way. What are they 0/2 on recent test flights?
If they pull it off probably FOMO before falling into another decay pattern for a bit. If they fail, then we should have another and better load up opportunity sooner.
@ProfitHarvest, 0/2 Just means that they can only improve. ;)
SLOPolarBear
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Whoa whoa... whoa... ... whoa. Hang on there! This one is going to the Moon next Tuesday if the broader market doesn't melt down. Look at that coiling!
jeremyjgt
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In it! Hedging my deep ITM 07/16 $33 C's with puts tomorrow in case things go boom.