VelvetBarbie

SPCE From Golden Cross to Death Cross to Blackhole Who Knows

Long
NYSE:SPCE   Virgin Galactic Holdings, Inc
A Golden Cross appeared on 10/9/2021 with the following criteria:
1. Existing uptrend
2. Confirmation of GC on 11/18/2021
3. Continuation of an uptrend
This Bull run lasted until a Death Cross was spotted on 3/30/2021 with the following criteria:
1. There was an existing uptrend
2. DC occurs
3. Confirmation of existing downtrend
I conducted my analysis on a 4 hour time frame. With recent insider sell off it will take either spectacular earnings (which I do not see happening imo) or an actual test flight (not just another date and delayed flight) to get this security past the prior support level of $23.03.