This SPCE long trade is centered around the second commercial space launch on Aug 10. SPCE had a successful first launch in June of 2023, and there is optimism that this launch will also go well.
Initially my plan was to buy in the buy zone between $3 and $3.50, but SPCE was struggling to drop lower. I readjusted my range to $3.68 to $3.72.
These target prices are time sensitive because there could be a drop near the Aug 10 launch date.
Last time there was a long 3 day candle up and I’m looking for a similar scenario here.
Target Price
TP 1
The red resistance line is my first price target at $5.75
TP 2
The white resistance line is my second price target at an estimated price of $6. The price could overshoot with a successful launch or strong earnings report.
Initially my plan was to buy in the buy zone between $3 and $3.50, but SPCE was struggling to drop lower. I readjusted my range to $3.68 to $3.72.
These target prices are time sensitive because there could be a drop near the Aug 10 launch date.
Last time there was a long 3 day candle up and I’m looking for a similar scenario here.
Target Price
TP 1
The red resistance line is my first price target at $5.75
TP 2
The white resistance line is my second price target at an estimated price of $6. The price could overshoot with a successful launch or strong earnings report.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.