Virgin Galactic rocket ready for takeoff!As we can see, Virgin Galactic shares fell to $ 14.5, but over the weekend Virgin Galactic announced the successful launch of its rocket. The tests went very well. Thanks to the news, Virgin Galactic stocks went up. Barring bad news, stocks are guaranteed to rally, but real gains will follow after their first tourist flight.
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SPCE
VIRGIN GALACTIC will rocket fly?As we can see, since February 2021, VIRGIN GALACTIC shares only fall in price and it looks like this fall will be up to the global support line of $ 14. If VIRGIN GALACTIC does not announce the successful launch of its rocket, most likely the price will continue to fall and break through the support line. But, if VIRGIN GALACTIC announces the successful launch of its rocket and all goes well, the price will skyrocket and it will be a real ROCKET.
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SPCE From Golden Cross to Death Cross to Blackhole Who KnowsA 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.
SPCE Mission Control-Bulls have POWERBulls in SPCE! In a bet against the bears, bulls once again took control of mission SPCE... but can they take it to the moon with a price target of 30.55 on DO launch? Using simple technical indicators, I only used support and resistance along with candle stick analysis to come up with a price target of $30.55 day of launch, weather permitting. Bulls.... suit up... we are taking off!
Update on SPCE Fake Out or BreakoutIt broke out of the atmosphere... next level, game on. Bears on asteroids can't stop this now. In the previous chart, 21.70 was resistance needed to break out to the next level. The next wall is 27.69. Next point of resistance is 24.30 in which SPCE traded in this zone from July 17 to August 3, then succumbing below previous support levels, then recovering. Since the spike creating the flag pole on September 28, he stock appears to be trading in a bull flag momentum which often more times than not signals a strong uptrend. The breakout from the flag pattern is what could be the next catapult to that area of resistance of 24.30. It can take up to 289 days to get to Mars, it can also take 289 days to get rich off SPCE. Hold. Long. Unless a rocket blows up