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CFDs and forex (FX) are complex instruments and come with a high risk of losing money rapidly due to leverage. 62% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs, FX, or any of our other products work and whether you can afford to take the high risk of losing your money.
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SPCE_2022-05-10_13-13-01

Virgin Galactic: Ready to go (down). We look to Sell at 7.33 (stop at 8.19)

Technical analysis
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Signal Centre

Virgin Galactic Holdings

Short Term - We look to Sell at 7.33 (stop at 8.19)

Preferred trade is to sell into rallies. Broken out of the channel formation to the downside. Mixed and choppy price action resulted in the early move lower being sustained and prices closing lower. Our overall sentiment remains bearish looking for lower levels.

Our profit targets will be 5.27 and 4.18

Resistance: 7.00 / 9.00 / 11.00
Support: 5.00 / 4.00 / 3.00

SPCE_2022-05-10_13-13-01
Source: TradingView
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Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.

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