TRADING TIPS

How to Trade SPAC Better

Hubert Senters here. Let’s take a look at a few SPAC. Now, back in the days SPAC used to kind of be an inside joke from Silicon Valley insiders. The kind of look on as an inferior way to take them on public. A company public. Now, it’s kind of like to go two way. So, obviously the concept was changed with the times obviously. But unfortunately, when a SPAC goes to a acquire company they’ll start from basically a price down here and then it will skyrocket. Now, they can also go in the down direction so here’s CCIV. Here’s HOL. Here;s GHVI. They all look pretty good. Unfortunately, you can’t do technical analysis on a daily because they don’t have enough background in order for you to read the chicken bones. So in order to read the chicken bones because a lot of people wouldn’t get what technical analysis is. What we’re going to do is we’re just going to dial down and put it on a smaller timeframe. As you can see it’s above the cloud on a 60 and that’s above the turning line and the standard line. If you want to go down a little bit further you can obviously go to a 10-minute. And you can see a 10-minute buy signal here on Friday and then it went up. Let’s check the other two. HOL 10-minute buy signal early on. And then today it actually sold off. So you either kind of stay away from that an on an intraday basis but now on a 60-minute basis there you go it’s still slightly above the cloud or touching on it. If you look at CCIV you’re going to have a little bit roll over there. There’s the 60 and then if you look at the 10, the 10 fired of a sell signal right there. So anytime you see a SPAC that are interested playing either long or short throw on a little bit small timeframe and then it will give you a little more on insider which way this thing is going to go. Speaking about which way this thing is going to go hopefully you’re going to attend the Toast to Traders event this Saturday, February 20th at 9AM EST. Here are you four speakers and there are your topics. I’m going to HYPERLINK you to the registration page. Good luck. Hope it helps. See you on the next video. Hubert.  

1 Comment

  1. Jim Fabis

    Hi Herbert. Great videos, thx very much. My question is what is SPAC . I am not familiar with that acryomn. Thx very much. Jim

    Reply

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