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TheGreatBatsby

$SPCE testing its breakout resistance, big test coming!!

Long
Virgin Galactic Holdings, Inc. (NYSE:SPCE)  
TheGreatBatsby  
NYSE:SPCE   Virgin Galactic Holdings, Inc.
Trend Analysis Chart Patterns Beyond Technical Analysis SPCE spcebuy spcesell spcelong spcebreakout space
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trendanalysis chartpattern beyondta spce spcebuy spcesell spcelong spcebreakout space
SPCE is coming down to test the the previous resistance of the breakout trendline. This is typical of breakouts, and if it bounces from this point, I'd say we are cleared for higher.

If it gives up the range in the oval, this will turn into a failed breakout and SPCE could see much lower prices unfortunately.

FWIW, SPCE moves with the indices pretty aggressively, so I'm going to say everything will be dependent on the markets for the next 48hrs.

Idee correlate

TheGreatBatsby
Cup and Handle playing out on SPCE
TheGreatBatsby
Bearish Ascending Broadening Wedge gets BTFO, Bullish breakout
TheGreatBatsby
Cup and Handle on SPCE, $28 measured move target
TheGreatBatsby
SPCE has broken out of its 120+ day consolidation period
TheGreatBatsby
HUGE ACCUMULATION, TA and FA CONFLUENCE!
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