$SPCE (Video) Idea

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SPCE - 4H : Expansion After Compression

For most of the past year, SPCE has done what weak assets do best: drift sideways, grind lower, and convince participants that nothing is happening.

Then came the expansion.

The recent impulsive move has changed the short-term structure completely. The market is no longer trading from weakness. It is trading from strength. The only question now is how much of that strength gets retraced before the next leg higher begins.

Penafian

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