SPCE (1D) Longterm Target - Wait for DIP
Hi Traders,
Hopefully nobody HOLD SPCE Stock right now and you all took profit at last top ?
My expectation is the stock was too much pumped / Hyped by positive news on test flights.
Seems like Major Stockholders - Richard Branson and Chamath were selling huge % of stocks. We can expect continuous drop for next few weeks.
Wait for moment when you will not hear about company anymore / or there will be only bad news (investigation / more selling from Insiders). This could lead to 1:1 extension of corrective waves A:C.
Historic LOW could be good price target to watch. If its going to be supported by RSI and MACD COnvergce at leats at 1D chart. I will notify you about LONG Setup. ;)
Also take deep look into Fundamentals. This company and Space flightscould be good investment long term.
Hopefully nobody HOLD SPCE Stock right now and you all took profit at last top ?
My expectation is the stock was too much pumped / Hyped by positive news on test flights.
Seems like Major Stockholders - Richard Branson and Chamath were selling huge % of stocks. We can expect continuous drop for next few weeks.
Wait for moment when you will not hear about company anymore / or there will be only bad news (investigation / more selling from Insiders). This could lead to 1:1 extension of corrective waves A:C.
Historic LOW could be good price target to watch. If its going to be supported by RSI and MACD COnvergce at leats at 1D chart. I will notify you about LONG Setup. ;)
Also take deep look into Fundamentals. This company and Space flightscould be good investment long term.
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