Virgin Galactic: ⬇️ Sell
– Virgin Galactic reversed from the resistance area
– Likely to fall to support level 3.000
Virgin Galactic recently reversed down from the resistance area between the key resistance level 4.45 (which has been reversing the price from February), the resistance trendline of the daily down channel from November, 50% Fibonacci correction of the downward impulse from January and the upper daily Bollinger Band.
The downward reversal from this resistance area started active wave 3 – which belongs to wave (5) from November.
Given the strong downtrend, Virgin Galactic can be expected to fall to the next support level 3.000, which stopped the previous wave 1.
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