Mark Minervini
@markminervini
Author Trade Like A Stock Market Wizard and Think & Trade Like a Champion. Featured in Stock Market Wizard by Jack Schwager. Before following read disclosure.
Joined January 2010
161 Following 763.6K Followers
As I discussed, today $SPCX is taking that shot at the upside once a tight pivot formed.
Something important to point out: If $SPCX can build out the right side here and break out properly, it may have a shot at another leg higher. Even a move back toward the old highs—similar to what LinkedIn did—could offer a very nice trade.
The key is not anticipating the move. It’s waiting for the stock to develop a proper entry where the potential reward clearly outweighs the risk.
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