Virgin Galactic 
SPCE has been building an ascending triangle on the weekly chart with a huge gap to fill if it can break to the upside.
Zooming in on a short term 4H chart we see an inverted head & shoulders with improving momentum.
Could one more earnings beat be the catalyst to start the engines and send this spaceship back up to the mesosphere?!
SPCE has been building an ascending triangle on the weekly chart with a huge gap to fill if it can break to the upside.Zooming in on a short term 4H chart we see an inverted head & shoulders with improving momentum.
Could one more earnings beat be the catalyst to start the engines and send this spaceship back up to the mesosphere?!
Note
SPCE crash on the 4h chart, but holding the line on the weekly. I picked up a few more calls. Very small, speculative position.Note
Virgin Galactic delivered another earnings surprise and the stock has responded in kind. Let's see what happens over the next couple of months. Still bullish!Note
We have liftoff!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.