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ShakeShakeLeg
May 31, 2020 7:12 AM

May Space be the Limit fo this Stock Price! Long

NYSE:SPCE1D
Virgin Galactic Holdings, Inc.NYSE

Description

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What I see..
+ Prices found support at teh 50ma
+ Bullish engulf over -1d
+RSI is pointing upward at 51
+ MACD is flat at neutral
+ Lower price stock

- MACD is bearish
- 10ma is under 50ma and it's not piercing into the body of the bar

What I setup...
+ Long entry above channel high
- Stop at Friday's low
+ Target at 21
:: Duration - 10 to 15 sessions

** Comments and Likes are appreciated; New Subscribers are Galaticos! **

Trade active

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Setup trigger; Long position
Support and ResistanceFibonacciTrend Lines
Comments
yossiisrael
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hi, whats the time frame you expect on this trade ?
ShakeShakeLeg
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@yossiisrael, if by time frame you meant the duration post-entry, I expect to hit target within 10 days. If your question is when will I expect the entry to be triggered... then I would have no idea! (I don't know what I'm doing here if you haven't realized by now.) :-D
yossiisrael
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@ShakeShakeLeg, hi
do you still think it will pop back up?
ShakeShakeLeg
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@yossiisrael, It's forming lower highs and lower lows. While there maybe mini pops upward, the short term outlook is bearish to me.
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