Price uptrending in steap trending parallel channel.Destination 2.68 fibonacci retracement as shown. If you are out go long or stay long if you allready in and use trailing stops.
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Based on recent major price swings I used the fibonacci tool on the chart to predict possible price destinations in an uptrending action for this stock. Going long from this level requires some risky trailing stop distance from price action due to the volatility.
VIRGIN GALACTIC (spce) WILL BE UNDER PRESSURE SO THE LOGICAL THING WOULD BE TO PROJECT A FALL TOWARDS THE LOWER PART OF THE TRENDING CHANNEL SHOWN.
SHORTING THE STOCK IS RECCOMENDED AND COVERING WHEN PRICE REACHES AT THE BOTTOM SIDE OF THE SIDEWAYS TRENDING CHANNEL.
IF A BOUNCE IS OBSERVED ONCCE AT THE LOW SIDE OF THE CHANNEL,IF IT BOUNCES UP FROM IT GO LONG FOR...
IMMUprice guped up to a 1.6 fibonacci retracement from recent lowes. It is good time ffor longs to take profits and or short the stock in case you were not long. The price will probably stay within the shown rizing parallel channel from the recent lowes.The gup will probably get partially filled down to the support line shown from recent tops, and filled on the...
Estimated first price target is at the 1.618 fibonacci retracemnt level around $394/$395 which is placed from the last corrective wave in march as well as coinsiding with another fibonacci retracemnt at the last swing from the last all time highs to the bottom(a year ago?). I reccomend taking some profits at that propposed level or issuing a trailing stop policy...
With some trend analysis fibonacci retracement tool and uptrend parallel channel crossing, I project a price to take profits at $70 if you are long from the lows.
IF YOU ARE LONG ON WST ITS A GOOD IDEA TO PUT A TRAILING STOP LOSS JUST A BIT BELOW THIS LEVEL OR TAKE PROFITS IF YOU WENT LONG AT THE MARCH LOWES OR AT THE PREVIOUS TOP EARLYER THIS YEAR AND YOU ARE STILL IN PROFIT NOW. IT ALSO BREAK OUT THE UPPER TRENDING CHANNEL SHOWN!
There is strong support at this level and also coinsides with 1.6 fibonachi retracement from the last major uptrend price movement prior to the fall. Going long from this level is recomended!
PRICE HAS BEEN ZIGZAGGING BETWEEN SHOWN UP TRENDING CHANNEL .IT JUST BOUNCE OFF THE LOWER PART AND TRENDING UP. iTS A GOOD OPPORTUNITY TO GO LONG UNTIL IT HITS THE UPPER PART OF THE CHANNEL(PLENTY ROOM TO THE UPSIDE STILL).
