Time to rocket or catch a falling knife?
Loving this set up as well on SPCE. It has been dropping hard for the past few weeks, but I feel like we finally bottomed on this one. Still be very cautious however, we still have support at 14 and 16. however, 18 is a strong demand area which it obviously bounced off from. the Lagging span is now above price which gives confirmation of a reversal. Additionally we see SPCE making a moku break out from the red cloud. I want price to break out of this down trend resistance line and hold the area highlighted in purple so i can confirm we are going long or making parabolic steps. We might see the gab fill first on my second purple highlighted area before we can cool off again and then make an attempt toward the big push toward 40-60 as this stock did before.
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