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StockPickingEnthusiast

SPCE Time for a Little Risk Off Pullback to the 8day MA

Virgin Galactic Holdings, Inc. (NYSE:SPCE)  
StockPickingEnthusiast Updated   
NYSE:SPCE   Virgin Galactic Holdings, Inc.
Trend Analysis Technical Indicators Beyond Technical Analysis SPCE shorttermbearish longtermbullish
9
15
trendanalysis indicator beyondta spce shorttermbearish longtermbullish
Purely speculation here, but with earnings 11 days away I can see this pulling back a little bit maybe down do $22 prior to earnings. (There are none). This is a hopium/growth speculation for most out there. Broke out recently because people reaching for growth.

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Comment:
My trade has been initiated when SPCE was at $27 -

$24 strike puts

trade at your own risk
Trade active:
You buying up here? Goodluck trading this on hopium and no actual earnings yet only expenses. If this chart don't make you bearish from this particular level... whew..

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Trade active:
Breaking down end of day most likely...

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Comment:
Distribution continues into the afternoon.

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Comment:
Nothing convincing either way yet, will probably come down to power hour much like yesterday. But price action would suggest selling action into the close. (Not guaranteed as we all know).

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@RobFlorio @raither0419
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