ProfitHarvest

[SPCE] Peak Orbit Reached... Heading Back to Earth for LANDING!

Short
NYSE:SPCE   Virgin Galactic Holdings, Inc.
It could be a continuation pause but doesn't feel right. More likely it reverses back down here.

Notice how Price came to rest exactly on the fractal mid-line. That downchannel fractal also got tested pretty spot on from both sides on Prices way up.

I expanded the Value Channel yet again here, doubling it. That puts any Price under 30 as target pickup but it also may never reach back down there again, only time will tell.
Comment:
Whoa sht, stocktwits takes this very seriously lol. I would love for SPCE to go exponential, it's just not the likeliest outcome on the playing field.
Comment:
I picked up more, this definitely ain't lookin bearish going into earnings and the flight...
Comment:
Damn those fractal lines are dope, still could be a H&S and fractal rejection especially if markets go red tomorrow...
Comment:
Could be rejecting and heading back to $40...

Data analyst with a passion for best fit lines B)
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.