Good day,
When VR is green its a strong buy signal when VR is blue its a buy signal. When VR is red its a strong sell signal, when VR is orange its a sell signal. Preferably, would have liked to see a green buy signal on the weekly before entering the trade- we got a blue signal. With all that's been going with Boeing selling shares to raise cash I do believe SPCE has bottomed. VR 4 HR chart looks good but I expect a pullback how reliable is VR ?
How VR works?
When VR is below 30, oversold. When VR above 70, overbought. A word of caution, when VR goes to 100 (red) or to 0 (green) price may still go up or down. However the next candle on the Heiken ashi that goes red in an uptrend is the top and vise versa. Note: I execute on 5 minute time frame.
When VR is green its a strong buy signal when VR is blue its a buy signal. When VR is red its a strong sell signal, when VR is orange its a sell signal. Preferably, would have liked to see a green buy signal on the weekly before entering the trade- we got a blue signal. With all that's been going with Boeing selling shares to raise cash I do believe SPCE has bottomed. VR 4 HR chart looks good but I expect a pullback how reliable is VR ?
How VR works?
When VR is below 30, oversold. When VR above 70, overbought. A word of caution, when VR goes to 100 (red) or to 0 (green) price may still go up or down. However the next candle on the Heiken ashi that goes red in an uptrend is the top and vise versa. Note: I execute on 5 minute time frame.
Note
Today VR hit 0.00 SPCE one of two outcomes happens when VR is at zero. Price keeps going down but not by much and the INEVITABLE bounce. The facts are that nothing has changed aside from lawsuits being exchanged from boeing and SPCE. I expect a significant bounce in 1 month.Note
Good Day, this is getting uglier than my fat ex wife that no body want to touch. Extremely risky so think twice. As I mentioned SPCE is at zero on the weekly, the share price could still could come down while at zero. The next weekly up candle should be the beginning of a long opportunities.I bought at 0.9746 its a relatively small position less than 2 % of my portfolio the remainder is in MSTR which is leverage BTC.
If you believe in BTC buy MSTR. As for SPCE we will see where price is after ER. SPCE has also put in request to reverse stock split and will leave for shareholders to vote.
Note
Note
Looking very good VR indicator timed the bottomed perfectly! Holding shares and LEAPS good luck to all! LETS GO!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.