Technical
Major support at $4.10 (S1)
Major resistance at $5.25 (R1)
Support at S2 would signal a reversal (Maybe short term (1-2 weeks))
Fundamental
VSS Imagine not ready, maybe 2023 (2 flights per month)
VSS Unity ready to fly (1 flight per month), VMS Eve upgrades/maintenance to be completed in 4th quarter.
Test flight early January + glide flight...
I reissued the chart and recalculated the quotes into sentiment. Fractal, a series of inputs 1-2, 1-2.
Target 100-1000x, stop at $3 (relative to current monetization/inflation/deflation)
It is necessary to interrupt the top of the 4th wave of the previous formation, put the initial diagonal of the pulses and correction in the form of flat, or a...
Tuesday, 8 November 2022
02:15 AM (WIB)
No matter where each of us stands on this planet we call home, we all look up to the same place.
That’s why we believe space belongs to everyone: the adventurous, the audacious, and the curious.
We go up to look down.
When we witness the majesty and fragility of Earth from space, something inside us shifts.
We believe...
Tuesday, 4 October 2022
22:33 PM (WIB)
"No matter where each of us stands on this planet we call home, we all look up to the same place.
That’s why we believe space belongs to everyone: the adventurous, the audacious, and the curious".
For more details about Virgin Galactic, please come visit the website.
Stock is currently at the mean and may test potential new lows in 2022 with little reason to buy on fundamentals before then accept gamble on technicals.
Virgin Galactic business model seems unviable. Old tech. Extremely expensive, with low take up.
Needs significant shake up to make it work.
Branson keeps selling SPCE stock to prop up failing airline...
There is a stock of SPCE on historical lowest prices and interest of big investors into buy orders is almost zero. Most of people are out of market and some of them are in sell positions.
Price started a rotation and everything looks perfect for the next growth.
I personally think it would be start of a new bullmarket into high prices and maybe for the new...
Convergence and a bullish wedge on the weekly timeframe seem to hint at a reversal. A volume profile at $9 would magnetize price into the rebound of the wedge as well. Higher into the $12-13 area, the price hike could be seen as a positive reversal of the entire market.
Virgin Galactic Holdings
Short Term - We look to Sell at 7.56 (stop at 8.42)
Preferred trade is to sell into rallies. Broken out of the channel formation to the downside. We have a 38.2% Fibonacci pullback level of 7.47 from 11.25 to 5.14. Our overall sentiment remains bearish looking for lower levels. Previous resistance located at 7.50.
Our profit...
Virgin Galactic Holdings
Short Term - We look to Sell at 7.33 (stop at 8.19)
Preferred trade is to sell into rallies. Broken out of the channel formation to the downside. Mixed and choppy price action resulted in the early move lower being sustained and prices closing lower. Our overall sentiment remains bearish looking for lower levels.
Our profit targets...
Virgin Galactic Holdings, Inc. focuses on the development, manufacture, and operation of spaceships and related technologies for conducting commercial human spaceflight and flying commercial research and development payloads into space. It is also involved in the ground and flight testing, and post-flight maintenance of its spaceflight system vehicles. The company...
