Should I buy VIRGIN GALACTIC Stock?

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.

Virgin Galactic stock analysis

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.

SPCE stock chart prediction

Should I buy VIRGIN GALACTIC Stock?
Should I buy VIRGIN GALACTIC Stock?

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.

Virgin Galactic #SPCE forecast 2020

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.

Virgin Galactic stock video analysis

Watch Virgin Galactic (SPCE) monthly video analysis below.

Alfonso Moreno
Alfonso Moreno
Full time trader, expert technical analyst and founder of Set and Forget supply and demand online trading community. Traveler, photographer and adventurer.

Leave a Reply

Your email address will not be published. Required fields are marked *

     
 

Disclaimer: Any Advice or information on this website is General Advice Only - It does not take into account your personal circumstances, please do not trade or invest based solely on this information. By viewing any material or using the information within this site you agree that this is general education material and you will not hold any person or entity responsible for loss or damages resulting from the content or general advice provided here by Set and Forget, its employees, or fellow members. Futures, options, and spot currency and stocks trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the Forex and futures markets. Don't trade with money you can't afford to lose. This website is neither a solicitation nor an offer to Buy/Sell spot Forex, cfd's, stocks or other financial products. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed in any material on this website. The past performance of any trading system or methodology is not necessarily indicative of future results.

High Risk Warning: Forex, Futures, and Options trading has large potential rewards, but also large potential risks. The high degree of leverage can work against you as well as for you. You must be aware of the risks of investing in Forex, futures, and options and be willing to accept them in order to trade in these markets. Forex trading involves substantial risk of loss and is not suitable for all investors. Please do not trade with borrowed money or money you cannot afford to lose. Any opinions, news, research, analysis, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice. We will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from the use of or reliance on such information. Please remember that the past performance of any trading system or methodology is not necessarily indicative of future results.