Virgin Galactic: ⬇️ Sell
– Virgin Galactic broke key support level 2.50
– Likely to fall to support level 2.00
Virgin Galactic recently broke the support zone between the key support level 2.50 (lower border of the sideways price range from June, which stopped wave (2) in the middle of July) and the support trendline of the daily down channel from the middle of August.
The breakout of this support zone accelerated the active impulse wave (iii) of the C-wave of the ABC correction 2 from the middle of August.
Given the clear daily downtrend, Virgin Galactic can be expected to fall further toward the next round support level 2.00 – target price for the completion of the active ABC correction 2.