This stock is forming a beautiful cup and handle pattern! Look for it to break the dotted line for confirmation. 89 would be the target and I expect this could happen on Monday July 12th since July 11th is the flight test with Sir Richard Branson. If all goes well, this is a very reachable target!
It's forming a nice cup base here. Would love to see it complete the pattern by pulling back a little to form the handle, and then bounce off the 20 and 50 day moving averages. Followed by a break above $24.66. Additional bullish indicators: - RSI broke through the 50 dotted line - MACD gaining momentum - Increasing Daily Volume
A reddit WSB favorite. We have now reclaimed the 50 day EMA, so we are looking pretty bullish. Once we smash through the $10 area (previous support now resistance), we have an easy ride up to $12.