Vssunity
Virgin Galactic SPCE Long 100%+On my previous analysis I foresaw a 60% profit, and I was short, we are now over 100% well in profits if your entry was at the golden pocket fibonacci retracement.
Now on this analysis, I can see SPCE moving inside a macro-channel, with high probabilities to touch the upper edge of the channel, reaching 100 USD if the following test of VSS Unity is successful. If not we can expect a sell off that could get us back to the twenties.
I would wait for the price to get back to the 40s to add more to my position, before the next test flight.
Virgin Galactic has been building partnerships with NASA to create an astronaut training program, and to develop supersonic aircraft. It also signed a memorandum of understanding with Rolls-Royce to collaborate in designing and developing engine propulsion technology for Mach 3 commercial aircraft.
The next test flight window for its SpaceShipTwo will open on Feb. 13, so fasten your seatbelts.
As always those are my own views, DYOR.
Please let me know what you think in the comments.
