Our mission is to help you obtain financial freedom. Checkout Our Youtube Channel Checkout Our Youtube Channel

Virgin Galactic (SPCE) Continues to Roll Over

This is a follow-up post to my previous SPCE update. SPCE bounced off the yellow support line but continued to roll over as the S&P continued to bleed. The Sept FOMC announcement resulted in bearish market sentiment for crypto and stocks that led to further decline. For now I’m monitoring SPCE to form a more convincing reversal. If SPCE does not touch the yellow trendline on this move down then it will be a bullish sign. I think the upside has been delayed until Q4, which is something that I’ve been saying in Discord over the past few weeks. My plan is to patiently wait for SPCE to move back up to the buy zone ($3-$3.50 marked by a red flag).

TradingView Chart:

Inline Feedbacks
View all comments

More ClearValue Insights

Default Thumbnail

Beyond Jobs: Why Recent Employment Figures May Not Sway the Fed

These past few days have been quite uncertain, especially regarding what is in store for interest rates in the U.S. But with the latest news revealing that nonfarm payrolls surged by a hefty 303,000 in March, beating expectations and showing a significant jump from the previous month, and with the unemployment rate holding steady at […]

Read More
Default Thumbnail

Against The Tide: The Contrarian View On Fed Rate Cuts

Following the Federal Reserve’s recent decision to keep rates unchanged and the suggestion of future rate cuts later in the year, there’s been a prevailing sense of optimism among many investors, with reassurances that these anticipated rate cuts will materialize eventually. However, Vanguard is offering a different view point as they are suggesting that the […]

Read More
Default Thumbnail

A recommendation.

It would certainly be helpful if the posts and contend on this site would be dated. I get tired of reading recommendations and never know how old they are. Help us to know what is new vs stale info and recommendations.

Read More