40 year old Virgin Galactic trendline
I've stayed away from this stock mainly because of it's horrible financials and have seen this
trend line (pictured) hold up many times now. I am banking on that again as we are off the highs
quite a bit (nearly 70% decline). Also, we are in a falling wedge that is meeting that trend line.
This adds extra sauce to this play for me.. I am a swing trader/investor and a fib guy. I have
labeled as well a 618 retrace ($16) of the entire stock as a possibility of low in case the trend line
breaks. Happy trading. Pure technical play.
trend line (pictured) hold up many times now. I am banking on that again as we are off the highs
quite a bit (nearly 70% decline). Also, we are in a falling wedge that is meeting that trend line.
This adds extra sauce to this play for me.. I am a swing trader/investor and a fib guy. I have
labeled as well a 618 retrace ($16) of the entire stock as a possibility of low in case the trend line
breaks. Happy trading. Pure technical play.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.