Chart looks very nasty with that Head and Shoulders pattern AND daily bearish divergence with negative momentum only now starting to build again but we are supposed to get a test flight next month and I think we might see some support around $17. I believe anything between curent price level and that support (so $17-22) is a potential buy zone. I think this could go as high as $40 (top of the trading range) by end of this year assuming the company actually manages to deliver the test flight this time and potentially even to $70 if they get Branson to space (this is probably not happening any time soon through looking at all their setbacks so I wouldn't get my hopes too high).
Comment:
Before opening long positions please keep in mind that technically speaking this stock is now in bear market mode after multi-year uptrend. It made first lower swing low in its entire history yesterday and usually when stocks like this enter downtrends it takes a long time to recover and change course. It could easily see $10 and even $5 just as well, especially if some good news doesn't happen very soon so proceed with caution, this is certainly a very high risk trade.