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SPCE Trending for a Bullish October Close

Written By: ChartChamp

October 28, 2024

SPCE has performed very well in the month of October, and is trending for a bullish monthly candle close. There could be some more upside in November, but it is important to point out that SPCE has struggled to experience more than 2 green months in a row. I think SPCE has started to beat earnings expectations over the past few quarters so hopefully we can start to see a company turnaround sooner rather than later. SPCE has invested into building new fleets by 2026 so I think patience is needed until they roll out their new fleets. Revenue forecast suggests a large spike in revenue starting in the year 2027 so this is a longer term investment rather than a short term trade.

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