SPCE has been featured here twice. The first was a Huge Short Success!
The second a buy area.
Today we have an update as price has fully entered a buy area while breaking
long-term structure in the process. This makes it a bit more complicated if
you are a support resistance believer. I am not as such crossing of line means
little to me. On the other hand, if it builds a structure below the line I take
it seriously.
Should this area fail, the next support is all the way down at $15. a very long
way down. Any strategy one takes would have to seriously consider the risk as
a trader. As a long-term investor building a position, this should not be a problem.
Simply Think Small!
The second a buy area.
Today we have an update as price has fully entered a buy area while breaking
long-term structure in the process. This makes it a bit more complicated if
you are a support resistance believer. I am not as such crossing of line means
little to me. On the other hand, if it builds a structure below the line I take
it seriously.
Should this area fail, the next support is all the way down at $15. a very long
way down. Any strategy one takes would have to seriously consider the risk as
a trader. As a long-term investor building a position, this should not be a problem.
Simply Think Small!
Real Macro Economic Investing
www.patreon.com/Realmacro
www.patreon.com/Realmacro
