SPCE

So, SPCE has been out of favour for a while but could it be ready for move to the upside? Firstly, it is consolidating at the daily 200 SMA. Secondly, the RSI is also basing at the 38.2 level. This level acted as strong support and resistance in the past. So, this level of RSI has to be respected. The Stochastics is also oversold. Putting all together favours a move to the upside. Any rebound will initially encounter resistance at the daily 20/50 EMAs.