SPCE Time for a Little Risk Off Pullback to the 8day MA
Updated
Purely speculation here, but with earnings 11 days away I can see this pulling back a little bit maybe down do $22 prior to earnings. (There are none). This is a hopium/growth speculation for most out there. Broke out recently because people reaching for growth.
Note
My trade has been initiated when SPCE was at $27 - $24 strike puts
trade at your own risk
Trade active
You buying up here? Goodluck trading this on hopium and no actual earnings yet only expenses. If this chart don't make you bearish from this particular level... whew..Trade active
Breaking down end of day most likely... Note
Distribution continues into the afternoon.Note
Nothing convincing either way yet, will probably come down to power hour much like yesterday. But price action would suggest selling action into the close. (Not guaranteed as we all know). RobFlorio raither0419
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.