Virgin galactic: Buy When Everybody Sell

Virgin galactic: Buy When Everybody Sell

2021-11-18 • Updated

Latest news

On September 29, Virgin Galactic announced the Federal Aviation Administration approved launches resume. The FAA investigated the reasons why the spaceship veered off course while descending during a July flight with founder Richard Branson aboard. FAA approved corrective actions proposed by Virgin Galactic.

Virgin Galactic said it would incorporate additional steps in its flight procedures to ensure real-time mission notifications to FAA air traffic control.

On October 14, Virgin Galactic announced that it would begin its planned enhancement program for VMS Eve and VSS Unity and would conduct the Unity 23 test flight after this work is complete.

The enhancement program is designed to improve vehicle performance and flight-rate capability for VMS Eve and VSS Unity.

Why it is important?

Virgin Galactic stocks have always been highly volatile. For the past several months investors have been paying attention to the company’s workflow. The volatility fell extremely low and usually at these moments big players start gaining their positions.

According to Webull.com, some big players are buying Virgin Galactic’s stocks while the price is going down. Insiders might know some information that is not available for a regular user. That’s why it is important to use technical analysis to find such moments and buy stocks before the news gets announced.  

photo_2021-11-16_17-53-20.jpg

Technical analysis

Weekly chart

SPCEWeekly.png

If we look at the weekly chart, we can notice that there is a strong support trend line, which has been holding the price since November 2019. The price might break through this line, but it should not close a weekly candle below it. If it does, the bearish sentiment will be confirmed and the price might drop as low as $9.5.

Right now the buy zone is between $15.5 and $17.3. If the price reaches these levels buyers will get activated and huge volatility is expected that’s why the best option is to set your orders beforehand.

Targets for an upcoming movement are $21.5, $24.5, $33.

TRADE NOW

Similar

A New Meta
A New Meta

What will change for investors and traders as Facebook completes the transformation?

Latest news

POS: Not Best Option for ETH
POS: Not Best Option for ETH

 Big changes are coming for ETH As it turned out, it will take some time before the miners of Ethereum, and cryptocurrencies based on the same blockchain stop buying video cards…

One Dump to Crash Them All
One Dump to Crash Them All

Starting on December 3 cryptocurrency crash caused panic on the market. Further Bitcoin movements are foggy, but we can manage to peek behind the crypto market’s curtains and figure out what to do.

Deposit with your local payment systems

Be on top of your game

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera