Virgin Galactic Holdings, Inc., an aerospace company within the Virgin Group. It is developing commercial spacecraft and aims to provide suborbital spaceflights to space tourists and suborbital launches for space science missions.
I didn’t know about the existence of this stock until yesterday one of Set and Forget’s members mentioned it to me. Virgin Galactic Holdings (SPCE) founded by Richard Branson and trading in the NYSE exchange has suddenly rallied in the last couple of weeks. Why did Virgin Galactic (SPCE) rallied so strongly if it has been selling off so strongly since it reached the $43 price area last 20th February 2020?
Well, if you do not know about supply and demand imbalances and the forces that move the financial markets you would have not been aware of the huge imbalance that had been created around $9.41 per share in the monthly timeframe. See below Virgin Galactic (SPCE) monthly forecast and supply and demand analysis.
Despite the overwhelming market volatility in recent months, there is one strategy that we can use as long-term investors to ensure our portfolio will grow. Despite the social distancing of our favorite stocks, the market had a rare good day yesterday. The S&P 500 and Dow Jones had a good day.
Could all this be attributed to the government finally reaching an agreement on a $2 trillion stimulus package to boost the economy? It’s probably affecting many stocks and indexes, however in Virgin Galactic Holdings stock, we don’t think that had nothing to do with it or the coronavirus. There is simply a huge imbalance located in the monthly timeframe and it has just been kissed and price is rallying very strongly to it. As investors will have been made painfully aware of in recent months, there is no predicting what the market will do next but if we use a supply and demand stock strategy to locate huge imbalances, we will have and edge that not too many investors have.
Watch Virgin Galactic (SPCE) monthly video analysis below.
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