November 27, 2024
Virgin Galactic ($SPCE) is consolidating above its 50-day moving average, suggesting a Phase 1: Accumulation that could precede a Stage 2: Markup. We’ve identified two key resistance levels, supported by anchored VWAPs and historical gaps. These zones offer strategic opportunities for profit-taking as the price moves through open air. As always, we emphasize disciplined position sizing and thoughtful risk management as the cornerstones of successful trading strategies.
