SPCE lost trend line support and currently barely holding on to price line support. If any day it breaks that support, next support price levels 20.40, 19.90, 16.40 are as marked. A close above 27.60 could mean bulls are getting back.
Loving this setup here on SPCE. Bought the dip an hour ago. Has been an absolute monster lately and i expect wave 5 to be its biggest run! The trigger is the break of the green resistance and .5 fib. Targeting ATHS and the PTs on the chart. Enjoy :)
TITLE- BUY SPCE ON PULLBACK
Asset-Stock
ENTRY 1 19.90
ENTRY 2 16.90
SL 13.90
TP.1 24.90
TP.2 29.90
TP.3 34.90
Shares of Virgin Galactic Holdings (SPCE) jumped 3.4% in premarket trading Monday, after a bullish call from Cowen analyst Oliver Chen, saying the spaceflight services company is the way to won the "final luxury frontier." Chen initiated coverage of...
Why Virgin Galactic Could Keep Falling as Investor Unease Increases
In the first quarter of 2020, Virgin Galactic (NYSE:SPCE) defied gravity. The stock peaked at an incredible $42.89 by late February. The impossible valuations came to a quick end when market selling accelerated. The nearly full shutdown across the United States and in Europe put an end to reckless...
BUY SPCE LONG SET UP ON PULLBACK
ENTRY 1 23.68
ENTRY 2 20.48
SL 14.00
TP.1 32.44 & TP.2 34.48
TP.3 38.00 & TP.5 44.00
stock dropped 15.5% in Wednesday trading. Don't cry too hard for the company, though -- the stock is still up 300% in the past couple of months.
Why did Virgin Galactic go down so much today, though? One word tells the tale: earnings.
