Unlike English football not coming home and shocking the world with the racist attack on the poor sidelined bench players (go short on Southgate...), Sir Richard Branson 💂♂️🇬🇧 took England to outer space and back home, safely and in pure British style.
This is history in the making, the billionaire and visionary making his dream a reality and promoting his business in the best way possible.
Big BRAVO and a lot of LOVE and admiration for Branson and Virgin Galactic. Not sure if he had Italian pasta and a glass of Amarone when back home.. Forza Italia, well done.
SPCE stinks of Insider trading. It ironically pumps weeks before any news and dumps on stupid retail during news.
FX_Professor
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@y01004750 yet the chart never lies. By the way, aerospace and defence is great for long term investments due to space exploration and mining. It's the future. Will post some more stocks here this week
y01004750
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@FX_Professor, There's no real long-term investments during these times when all bubbles pop and everything is outrageously overvalued but I believe in the business
OrcChieftain
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@FX_Professor, If Virgin becomes involved in that, it will probably be the third company, or Virgin Orbit grows there. Virgin Galactica is only tourism which I think, will boom far faster than mining and Xploration (which SpaceX is Astronomical Units ahead of, and Blue Origin has a headstart on both Virgin companies too).
Nevertheless, you've got any update now that today's candle is likely to be an outside bearish one? Where do I buy more?
pechi123
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@FX_Professor, This is better characterized as transports along with Airlines.
pechi123
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@y01004750, Actually trading on news is a losing game across the board. If wave 3 of 3 peaked @ 57.51 then this is corrective wave 4 that appear to be a double ZigZag, look for correction between 35.05-39.91 then a 5th wave up probably in low 60's above the 62.80 all-time high. Whatever the crowd expects in these echo chambers where bullish extreme has peaked meaning "all-in", then price will tend to adversely affect the majority. There are 3 gaps, 2 to upside and 1 down from 57.51, and the latter up gap to 54.40 failed to close the down gap, these are what someone should be focused on, the first gap up still stands but clearly has failed to produce momentum, therefore it's an ending move to some degree and will be closed soon as an exhaustion gap, not a breakaway, or acceleration, or continuation as most believed. Always be suspect of any expectation from a date or event certain as is the case here, all these people agree the price will go up directly after the much hyped Branson test flight with bad audio and so so video, means it won't. Not insider trading but logic vs emotions, understanding patterns is crucial.
y01004750
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@pechi123, SPCE will need to keep 40 or else but what I can say... I was kinda' right with the dump.
pechi123
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@y01004750, Did you make that call? I don't see it here. C=A @ 39.91, closes gap potential trade setup. Wave 1 top is 35.04, if it comes down and overlaps then the entire move up is in question as a potential countertrend rally that failed under the all-time high. Though I'm not leaning in that direction unless the market sends that message. Coming from 14.27 to 57.51 in less than 6 weeks feels bullish but the reality is when price moves so far so fast, at bullish sentiment extremes, a simple correction won't do, it has to be complex such as a Double ZigZag or even a Triple. The issue here is the second most common correction is C= 1.618 x A @ 30.95 well under wave 1 top 35.04, Equality C=A @ 39.91 (under $40) the most common, could end a potential 4th wave correction, giving more breathing space to SPCE allow for a low between 35.05 to 39.91.
OrcChieftain
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@y01004750, It did initiate its rally during the news, whatever it was, I don't remember, but I watched the chart live on that day. The dump isn't a surprise either if it is true they announced to release more shares to raise more capital. I can't find the announcement Motley Fool refers to, but allegedly, there will be like 5% more shares.
pechi123
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@greenmask9, No, it ended (third of a third) on anticipation of the announced news event of the Branson flight, the rally began on 5/11 from 14.27 a near Fibonacci 88.65% (square root 78.6) correction on no news when people's attention wasn't focused on the stock, it looks like a 4th wave so far, unless it breaks 35.04, but all these people predicting a moonshot today were wrong.