$SPCE (Virgin Galactic Inc) – Its time to fly or not?

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Updated: 05 June 2020

$SPCE (Virgin Galactic Inc) is a stock we have been following for a few months from now. It didnt trigger a push higher as there was a reason for that but now it looks like its gapping past previous day high and the 50 Simple Moving Average. For now we need to see if we can hold the 16.50 area and in this case we can see higher prices and some momentum. Watch the back-test area from the big descending trend-line.

 

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