kowloonboys

SPCE hitting resistance

kowloonboys Pro+ Updated   
NYSE:SPCE   Virgin Galactic Holdings, Inc
EMA and MA crossover since the previous downtrend so it could go up to the next bullish signal given the price stands at this $18 range the next couple days. On the other hand it hit the resistance level so you may consider realise some/all of the profit if you bought it last month.
Trade active:
Previously I took profit around $18.2 range and now I don't have any position here.

After a month of resting though, I see a tempting trend here if SPCE keep testing and breaking above $19.9! Need some more patience to have a long position with a stop loss point at $19.2 (you are going to risk 3.5% of your entry position) - feel free to set your profit taking point since this stock could literally go up to the space!
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