Jun. 1 at 9:41 PM
$SPCE Stage 1 — Quiet accumulation (months). Long flat or downward base. Smart money builds positions. Sentiment is dead or hostile. Short interest builds because "obviously it's going lower." This is your wedge.
Examples: GME from mid-2020 to Jan 2021; AMC from late 2020 to May 2021;
$MSTR from late 2023 to early 2024;
$CVNA from Dec 2022 to mid-2023;
$PLTR throughout 2023.
Stage 2 — The first break (days to weeks). Stock breaks the multi-month range with volume. First major short covering. Most retail still doesn't notice. Some early traders take profit and call top. Stock pulls back, consolidates above the broken level. This is where it could appear to be on SPCE right now.
