On weekly charts - Looks like a falling wedge for almost 2 years, bouncing off the descending trend lines relatively accurately.
Earnings report drops next week. I predict a pullback to around 1.70, followed by a rocket up to 2. What would be key is if SPCE can break and hold above 2 to begin the launch sequence back up to 3, 4, 30, 40, eventually. Otherwise, if 2 is rejected, simply based on the trendlines we can see it drop very low below a dollar. Hard support level is around 1.40ish where ATL is. If that breaks... well keep buying anyway.
I personally want to read their 10k as well, which should be coming out soon. I think a turnaround is brewing for SPCE - Bullish
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They just released earnings! I'm not gonna waste my time and write too much about it here, but it is fundamentally good! We will see how the stock reacts in the morning, and then how it reacts to the trend lines.
Fundamentally though, these earnings show a significant improvement in their operations and efforts to begin lowering OpEx.
Generally still neutral, but wouldn't hurt to start DCAing into it. I will begin the DCA process
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RIP NYSE:SPCE - Finding support at ATL's but broke down unfortunately. Price floor is .30 (bottom of the weekly wedge).
Oh well