SPCE Time for a Little Risk Off Pullback to the 8day MA

已更新

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.

註釋

My trade has been initiated when SPCE was at $27 -

$24 strike puts

trade at your own risk

交易進行

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..

交易進行

Breaking down end of day most likely...

註釋

Distribution continues into the afternoon.

註釋

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).