SPCE had a screaming alert profile (FOR ME) on Dec 16 @ 9.00 yet I somehow missed it.
With only just over a year of public trading near the 9-10 level price began to climb up in September and October (I missed it). Then a quick flight on volume spike to new highs in October followed by new lows around 7.00 into early December.
Volume came back soon after to lift prices up and on Dec 13 and 16 a new uptrend line was formed that I should have seen (it fit's my style of profile for trades). From a year stuck near 10 to a two month spike near 13, drop down to 7 a reversal and breakout from downtrend has moved price back up to 13 in just one month (again I missed all of it).
So with what looks like an inverted head and shoulder move during past few months I WILL MONITOR this for entree at support with target prices 4 dollars above break out to 15. Regret not getting on board at 9 and will wait for launch pad set up before entering but getting in only 2 dollars above it's first year average is ok if this is as low as it's going to fly going forward. Multi year positions now may turn out to be an out of this world experience even for us traders still on the ground....Good Luck SPACE TOURIST INDUSTRY!
Dr. RAV
TRADE to win/Trend is your friend...MANAGE the risk/Make your success
With only just over a year of public trading near the 9-10 level price began to climb up in September and October (I missed it). Then a quick flight on volume spike to new highs in October followed by new lows around 7.00 into early December.
Volume came back soon after to lift prices up and on Dec 13 and 16 a new uptrend line was formed that I should have seen (it fit's my style of profile for trades). From a year stuck near 10 to a two month spike near 13, drop down to 7 a reversal and breakout from downtrend has moved price back up to 13 in just one month (again I missed all of it).
So with what looks like an inverted head and shoulder move during past few months I WILL MONITOR this for entree at support with target prices 4 dollars above break out to 15. Regret not getting on board at 9 and will wait for launch pad set up before entering but getting in only 2 dollars above it's first year average is ok if this is as low as it's going to fly going forward. Multi year positions now may turn out to be an out of this world experience even for us traders still on the ground....Good Luck SPACE TOURIST INDUSTRY!
Dr. RAV
TRADE to win/Trend is your friend...MANAGE the risk/Make your success
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Got in this morning at opening bell under $100
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oops that was BYND @ $99.10...this one I luckily got in this morning @ $13 as well.
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Sold initial capital @ $40 and $35