SPCE Virgin Galactic 🚀🚀🚀🚀 I”m Long Here 17.45 here we come
I know most people are short here
But when the long term Trendline held at 14.78 that was enough for me to long
If you followed the price action over Wednesday to Thursday’s action it was trading at such a tight range and the bears we’re unable to pull the price lower.
I’m expecting news from virgin orbit launch and keeping a tight eye on Tuesday’s open.
The news of Branson selling stock is over and behind us, I think investors will start to jump in here for a long up to 17-18. I expect some choppy play, but this looks bullish to me on daily
Bullish
Long term trend line
Lower end of channel up
Heavy tight consolidation
News coming for virgin orbit
Bearish
Trend down still in tact, I expect a test of 17.34-18.05
That’s the do or die line for me
Let’s see what happens
But when the long term Trendline held at 14.78 that was enough for me to long
If you followed the price action over Wednesday to Thursday’s action it was trading at such a tight range and the bears we’re unable to pull the price lower.
I’m expecting news from virgin orbit launch and keeping a tight eye on Tuesday’s open.
The news of Branson selling stock is over and behind us, I think investors will start to jump in here for a long up to 17-18. I expect some choppy play, but this looks bullish to me on daily
Bullish
Long term trend line
Lower end of channel up
Heavy tight consolidation
News coming for virgin orbit
Bearish
Trend down still in tact, I expect a test of 17.34-18.05
That’s the do or die line for me
Let’s see what happens
Comment:
Failed Virgin Orbit Launch, Oh boy. paying close attention to the open here and overnight action here.