Its space time with Virgin Galactic $SPCE.

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Updated: 02 April 2020

$SPCE has been showing some technical action and now is trading in the right spot with multiple areas of support aligning. So far we need to see if the 13.00-13.50 holds and the trendline is strong enough to help it form an entry on 30 min charts. So far we see a horizontal flip with fibs and a bottoming support line right into the 200 simple moving average. Considering this stock as a momentum one in Jan-Mar 2020, we might consider it for a nice push from these levels. We need a trigger and some strength vs the market so watch it in the mentioned price area.

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