Cup and Handle playing out on SPCEWow, extremely powerful move here. Price target is still in the $28 range. From here, I'm going to start looking at longer term directional plays following this move.
Spcebluesky
Bearish Ascending Broadening Wedge gets BTFO, Bullish breakoutWow, $SPCE has broken out of its ascending broadening wedge to the upside, this typically only occurs less than 25% of the time. The fundamentals on Virgin Galactic are propelling and controlling the technicals at this point. This is extremely bullish, and as long as it continues to respect the support levels being put in, it's a potential blue sky breakout.
