Going with an aggressive approach on this one, but SPCE looks ready for liftoff at the moment. Currently have the stoploss set at 10%, but if we drop 5% from the current levels we're looking at picking up more. Looking for a +50% on this on this one if we can break through $30 level. We've been stacking between the $23-$27 range. Going with pure TA on this one and haven't really focused on any fundamentals at the moment. If we can break a 15-20% return we'll adjust our stoploss to secure profits.
Cheers!
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FAA has grounded the company's spacecraft. The Federal Aviation Administration opened a probe into Virgin Galactic's flight on July 11 for veering off its projected flight path during descent. The flight included two pilots, three crew members and founder Richard Branson. "Virgin Galactic may not return the SpaceShipTwo vehicle to flight until the FAA approves the final mishap investigation report or determines the issues related to the mishap do not affect public safety,"- CNBC
You are so off with your original idea. Too many people on here think they know what they are saying but almost always wrong. Especially the ones that say a stock is ready to take off or to the moon or sky rocket those are the ones that give people wrong information unfortunately.
Najah000
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Thank you for you analyes, could you please analyses for us NAKD ?
MannyLo
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@Najah000, TA wise really not much to go on here. Reddit/Memes/Twitter really just pumping and dumping from the looks of this one.