XSPA Observation and Actionable Swing Reversal Trade

8 thg 1, 2021

Disclaimer: I am participating in this opportunity. This is just my thoughts, follow at your own risk/reward tolerance.

A. You can see the pattern of the last month or so has been a downward channel . Consistent short seller wins due to poor investor confidence.

B. The downward channel was broken and a double bottom formed on the Daily chart .

C. Based on recent political events I would expect Express Spa to stick to a new upward trend that may become quite aggressive once people see the opportunity and the stock begins to rise past 1.45.

Primary reasons for a reversal:
- Doug, the CEO , is vocalizing new partnerships that have been signed with XSPA (United Airlines, JetBlue Airlines, Hawaiian Airlines). Previously he seemed quiet for months
- The company seems to be appealing to the new Democratic government (from blue swing )
- I don't think they can afford to do any more reverse splits based on reputation.

One way to play this would be to STOP LOSS below the double bottom ($1.09? You pick, but don't make the STOP LOSS too tight or a fake out will trigger your sale.) And then just feel out the growth over the next few weeks/months.

12 thg 1, 2021

Ghi chú

Looks very good at this point. Large spike in volume which is lifting it off the ground that it had double bottomed around. If you wanted a high risk reward: STOP LOSS approx. $1.10-$1.15. Ride from $1.32 as far as it can grow. I wouldn't be surprised to see it reach 10/share.