SPCE basing and ready to go back up
This looks like a great play and a few gap zones can be short targets.
Long term play is also positive.
Target entries:
1. $29-28/ Current price is a lower range of triangle support
2. $26 holds we can avg down
Stop loss: $22 I would take this chance to see it hold.
Targets $36 recent high, $60 FEB highs
Risk:Reward = +$10 to +$30 V. -$5-7
Short exit target can limit loss to 10%
Long term play is also positive.
Target entries:
1. $29-28/ Current price is a lower range of triangle support
2. $26 holds we can avg down
Stop loss: $22 I would take this chance to see it hold.
Targets $36 recent high, $60 FEB highs
Risk:Reward = +$10 to +$30 V. -$5-7
Short exit target can limit loss to 10%
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