Foresee a tight range for time being
Short term we should see this stock hovering in a channel over the next few weeks. It bounced off my $18.62 support line and at the same time fairly close to touching the bottom trend. May need to touch the bottom trend channel before we get the confirmation of a upward direction reversal. With the stock offering complete today and the Saudis picking up more stocks (Now owns 7% of Spce) there are some hidden signs that firms are accumulating for the next run. The next run ups will be the 2 rockets test and then SRB taking off in Q1 2021. Time to act like a fund the continue to load up.
Thoughts?
Thoughts?
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.