InvestorCowboy

XpresSpa (XSPA) Ascending Channel

NASDAQ:XSPA   None
XSPA has been operating in an ascending channel. There have been two breaks but both times that stock has returned back into the ascending channel. One break would be enough to scare away investors, but two breaks seems rather odd. What caused these breaks? From what I can tell, the stock seems to be doing well with COVID-19. XSPA offers onsite testing for COVID-19 in multiple airports. A lot of people travel during the summer which could be affecting the XSPA stock price. The more people that travel, the more people they test. Although this summer hasn't been particularly exciting for travelers, there are still those who have been vaccinated who feel safe.
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