Virgin Galactic Holdings, Inc.
Long
Updated

SPCE this penny stock could launch from the support area LONG

499
SPCE has lots of potential but sometimes gets bogged down with "technical difficulties"

It is burning cash just less than the analysts have predicted. As such it is a risky trade. Best

probabilities for success on a long trade is to buy as low as possible and hope that is its

now putting in a reliable double bottom on a six month trend down. On the 30 minute chart

I have marked upside targets on the volume profile not shown . I am expecting 100-150% in this

swing long trade which may last 4-8 months.
Trade active
Trading sideways/Hold full patient position.
Trade active
Closed and realized 50% of loss. Patient for a reversal.
Trade active
Small new long position

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