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TheGreatBatsby

Bearish Ascending Broadening Wedge gets BTFO, Bullish breakout

Virgin Galactic Holdings, Inc. (NYSE:SPCE)  
TheGreatBatsby  
NYSE:SPCE   Virgin Galactic Holdings, Inc.
Trend Analysis Chart Patterns Beyond Technical Analysis SPCE spcebreakout spcebluesky spcelong spcebuy
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trendanalysis chartpattern beyondta spce spcebreakout spcebluesky spcelong spcebuy
Wow, $SPCE has broken out of its ascending broadening wedge to the upside, this typically only occurs less than 25% of the time. The fundamentals on Virgin Galactic are propelling and controlling the technicals at this point. This is extremely bullish, and as long as it continues to respect the support levels being put in, it's a potential blue sky breakout.

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