Trade ideas
Cup and HandleEstimated Earnings 2-25..
Small divergence on daily but not on the weekly timeframe..
Hammer on monthly and weekly, as well as daily timeframes and is opening a bit higher on Monday..
ABC bullish pattern also still kicking..
Not a recommendation..
Short interest is high, very high..Shorties are not always right and could actually have contributed to the price rise..
It looks as if accumulation took place down under 15 as NV is flat. By no means does this mean this can not go higher, but Mr Market has most likely been selling off and on throughout this rally and probably has some more to sell at the top. Hard to know because he never behaves the same way twice, but will add just enough variation to present a challenge.
Just do not let him give you the very rope that you could hang yourself with (o: Be safe..
Long Bullish SPCE - Fundamentally, I'm bullish (long position) on this.
With the mothership flight test success, and the hope of spaceplane future flight test
could be a baby step heading in the right direction.
Additionally, the recent SpaceX news could also pump all the space industry.
However, TA is showing an island reversal at $29.2 areas (potential for gap fills).
Over 34.8 for a call tg1 36 tg2 37.5 (daytrade)
Sell loss -20%
Very clean and setting up for a moveFollow me for clean charts. if we can get above this blue line be on the lookout for this to take off to the 50 area. SUPER CLEAN blue line is trigger
How to trade this and my trade idea around this will be covered in tonight's free trade idea webinar hit the link to sign up us02web.zoom.us
SPCE - Cup With Handle (Etoro Portfolio)Weekly price started uptrend cross above MA30.
It has forming a cup with handle pattern (handle below the line), price is just breakout.
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