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XSPA

XSPA, bottom of range play on micro cap stock.*Not financial, trade, nor dating advice. This is a snipe of an asset that has been severely impacted by Covid lockdowns and, in so saying, could be an extremely volatile play if a variant makes headway through Summer and Fall. I don't have a prediction on when this trade may play out, but I'm getting very interested what I see on the chart. It's in a great location, at least for me, bottoms of ranges between 68.1 and 88.6 x2 off of fibs taken from the past 2 most significant outbreaks. Price action has been trending upward after break of the trend line from a pop in the spring. Previous to that it saw a high in June 2020, and a 50% play to $4.83 is not out of reach should this asset pick up more buy volume, and absent any spooks to the market. It has multiple W market structure in price action and in the internal indicators. Buy volume is gradually getting greater but still needs to see a more significant push. Maybe on earnings news? The moving averages are converging and starting to show upward movement. I'll believe it is bull when the 13ema crosses the 30sma. Right now the price is sandwiched between the 30sma and 200 sma, but still looks good imo. There are two bullish MACD divergences, both confirmed. MA's pointing up and have crossed the obv and the modified Williams%R. You can view the fundamentals here. Nothing to write home to mom about, but, more importantly, nothing terribly alarming stands out to me. I got a double after an entry in Fall 20 and have free stock after a trade in spring 2021. I'me slowly accumulating, and I'm in the trade without stops. Only a small percentage of my investable capital. I'll risk it going to 0. I'm looking to sell half on a double to get my original investment back and let the rest ride. I'm a beginning trader and like to incorporate technical and fundamental analysis into my trades. I also like when others take the time to share their thoughtful analysis, critique and comment. I received my discretionary trading education at TRi, School for Trader Development. Thanks for stopping by.
XLong
by Cryptough
4
XpresSpa (XSPA) Ascending ChannelXSPA has been operating in an ascending channel. There have been two breaks but both times that stock has returned back into the ascending channel. One break would be enough to scare away investors, but two breaks seems rather odd. What caused these breaks? From what I can tell, the stock seems to be doing well with COVID-19. XSPA offers onsite testing for COVID-19 in multiple airports. A lot of people travel during the summer which could be affecting the XSPA stock price. The more people that travel, the more people they test. Although this summer hasn't been particularly exciting for travelers, there are still those who have been vaccinated who feel safe.
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by InvestorCowboy
XSPA BUY/LONG 1.00 to Potentially 9.00! TICKER CODE: XSPA Company Name: XpresSpa Group, Inc. Industry: Consumer Cyclical | Personal Services | USA Position Proposed: BUY Technical Analysis 1. Large Inverted Head & Shoulders (Forming) 2. Fibonacci Retracement at 0.786 (Silver Zone) 3. Falling Wedge Completed 4. 1st Take Profit will be at Fibonacci Expansion Safe Take Profit, Flagpole Length and also Inverted H&S Take Profit Price Range Entry: NOW READY (1.00-2.00) 1st Partial Take Profit: 9.00 (July - September 2021)
XLong
by traderprosignals
5
VACCINE PLAY - VALUE - SHORT RAID - XpresSpa Group $XSPAI have been noticing that many promising companies that are likely to do very well in the case of a re-opening of the economy and a value rotation are being suppressed via short-selling pressure, while being accumulated. IMO, the rotation is about to happen. The House just passed $1.9T Stimulus. I have a good feeling that institutional bears will have a hard time indeed defending short positions next 1-2 weeks. FA: - Health and wellness company: "leading global health and wellness holding company. XpresSpa Group’s core asset, XpresSpa, is a leading airport retailer of spa services and related health and wellness products, with 45 locations in 23 airports globally. Through its XpresTest, Inc. subsidiary, the Company provides COVID-19 screening and testing under the XpresCheck™ brand at eight locations in six airports: Denver International Airport, JFK International Airport, Boston Logan International Airport (2), Newark Liberty International Airport (2), Phoenix Sky Harbor International Airport, and Salt Lake City International Airport." - Yahoo Finance - Signed a contract with Metropolitan Washington Airports Authority for a pop-up facility for COVID-19 testing. - Speculated government contract for COVID-19 vaccine distribution. - Similar play to $ATOS, my previous idea for vaccine play. - It is possible that COVID-19 will be endemic, and long-term medical services will be needed to deal with it. TA: - The support and trend is downwards to do price suppression via short-selling, but seems to have bottomed, and attempted to breakout over the median line. - Elliot Wave's wave 4 can cross into wave 1 territory in such a trend. Likely to see some sort of diagonal, as short sellers attempt to defend their position during the raid. - MACD confirms bottom and reversal, if not now then imminent. QA: - As of Feb. 8, 18M shares short, out of 69M shares float. - 19% borrowing rate. - Quite a high call OI on 3/19 options over $3 (50k~), 5M shares to be bought back. Gamma squeeze material. - Shorts already covering, uptrend is imminent: Date Close High Low Volume Short Volume % of Vol Shorted Feb 26 NA NA NA 2,659,935 785,378 29.53 Feb 25 NA NA NA 3,295,996 968,001 29.37 Feb 24 NA NA NA 2,787,256 841,241 30.18 Feb 23 NA NA NA 5,576,190 1,740,551 31.21 Feb 22 NA NA NA 4,498,998 1,704,656 37.89 Feb 19 NA NA NA 2,640,652 914,759 34.64 Feb 18 NA NA NA 3,342,770 1,802,603 53.93 Feb 17 NA NA NA 3,362,443 1,657,351 49.29 Feb 16 NA NA NA 6,861,178 3,563,784 51.94 STRATEGY: - TP1: 3.00 - Wave 3 PT: 5.27 - SL: 0.54 - RRR: 3.73 - Wave 5 PT: 7.80+
XLong
by UnknownUnicorn1043646
1
XSPA Observation and Actionable Swing Reversal Trade Disclaimer: I am participating in this opportunity. This is just my thoughts, follow at your own risk/reward tolerance. A. You can see the pattern of the last month or so has been a downward channel . Consistent short seller wins due to poor investor confidence. B. The downward channel was broken and a double bottom formed on the Daily chart . C. Based on recent political events I would expect Express Spa to stick to a new upward trend that may become quite aggressive once people see the opportunity and the stock begins to rise past 1.45. Primary reasons for a reversal: - Doug, the CEO , is vocalizing new partnerships that have been signed with XSPA (United Airlines, JetBlue Airlines, Hawaiian Airlines). Previously he seemed quiet for months - The company seems to be appealing to the new Democratic government (from blue swing ) - I don't think they can afford to do any more reverse splits based on reputation. One way to play this would be to STOP LOSS below the double bottom ($1.09? You pick, but don't make the STOP LOSS too tight or a fake out will trigger your sale.) And then just feel out the growth over the next few weeks/months.
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by hillsbr1
1
XSPA Our patience is running out and ready for a break outFor the past 24 trading days the RSI has been trading in the 20-30 range and yesterday (9/28) is the first day it reached slightly above 40 signaling more confidence than it has in the last month. The volume traded today, Sept. 29 (2.1 million, RSI 41.51) was 3 million less than the day before, Sept. 28 (5.1 million, RSI 44.51) which I am going to assume the bulls shook out the last of the bears. The Bollinger Bands are coming to a squeeze after bouncing around for the whole month of September trading in a tunnel between $1.66-2.12. XSPA needs news... bad. Were tonight's debates about a vaccine enough to push this back above its 50 day trading average of 2.79? XSPA needs GREAT news to push this up 47% so it can begin trading above the 50 DMA, as it has been since August 6 since the last time it traded above the 50 DMA. Current support of 1.66 used to be resistance prior to the news of XSPA contract signing with JFK airport on May 22. The breakout from a bullish flag often results in a powerful move higher, usually measuring the length of the prior flag pole but first this must past resistance (R2) of 2.12. Once this has been achieved, (R3) 3.74, and (R4) 4.74 should soon follow. It is inevitable that business is picking up, people need to travel for work, people WANT a vacation AWAY from home, and airports will forever be accused of being a breeding ground for sickness and disease. There is NO reason XSPA's COVID testing/wellness concept at airports will fail unless it fails internally. Yes, I am a bag holder for now, but you cannot lose if you do not sell. I believe this is a long hold at least until after the election which brings us to holiday travel. If XSPA is operational at all major airports for holiday travelers, just maybe it can break its 52 week high of 8.82
XLong
by VelvetBarbie
XSPA ready (Golden Cross)XSPA began it's pilot covid-19 testing program this week in contract and in conjunction with JFK airport. More airports to follow and getting lots of media attention. XSPA was featured in a time magazine article today. I am long with an avg of $4.71. My price targets for the year are marked. I believe these will be hit by end of year. I will take profit at each target and at any time I may sell my entire position and look for an opportunity to reposition. Trade carefully. Yea I know I am crazy. GLTA. Not Financial Advice Not a recommendation to buy this stock
XLong
by UnknownUnicorn6673904
XPRESSPA - XSPA - Technical AnalysisNASDAQ:XSPA There is not a lot to say - it is more gambling rather than a good investment. The overall market is bearish. (they mainly offer spa services at airports) The stock went up due to the below NEWS: (No technical signal to support this uptrend) - Stand Aside from this stock - It has the company signing a contract with JFK International Air Terminal for a modular testing location in Terminal 4. This location will include nine testing rooms and can test up to 500 people per day. According to XpresSpa Group, the company plans to use the new XpresCheck locations to test people at the airport. That includes “airline employees, contractors and workers, concessionaires and their employees, TSA officers, and U.S. Customs and Border Protection agents.” XpresSpa Group says it’s also in talks with the Port Authority of New York and New Jersey to open XpresCheck locations in other areas.
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by Mauriello
1