I've been trying to catch some of these SPAC waves (stocks like NKLA, SPCE, etc), and I think this one is next. It's a bio stock, so there's not much of a 'main street' story, but I love the reversal pattern. THis is a good example of 'scallops'.
THE TRADE:
See how volume is tomorrow. If it's decent, buy at around $11.10, stoploss of 9.94. PT 1 of $14.49, PT2 of $22.89.
It's just a shame you can't get options on it.
THE TRADE:
See how volume is tomorrow. If it's decent, buy at around $11.10, stoploss of 9.94. PT 1 of $14.49, PT2 of $22.89.
It's just a shame you can't get options on it.
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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.