SPCE has been a very volatile stock but the line I drew it seems like it acts like a magnet. No matter how high the stock goes the magnet pulls it back . If you were thinking to make a play in this stock or add to your position, now it is the time. I don't have a future target price in mind but this is a good entry point IMO. Currently is way oversold!
I am not a financial advisor, and this post is informational only. Trade at your own risk.
@AJ-west, Can't predict next target due to volatility and short squeezes. Short term may just go first to $40 and retract again before retesting all time high. Good luck!