SPCE Breakout Update

Jul 10, 2020

SPCE broke out of its pattern recently on a huge day yesterday. Today was a weak day (possibly due to flat overall market), however the bears also seemed weak on SPCE as they could not get the price down by much. This may be a strong bullish indicator heading into next week as SPCE may look to retest 20 after getting rejected today. From there it will look to push to the 21 and 21.50 resistance areas. Also note the upward hook of the upper Bollinger band paired with the flattening (rather than downward hook) of the lower band.