VIRGIN GALACTIC Ignore the rumors focus on the Buy Zone

The flight of Virgin Galactic is the talk of the town but the recent rejection near the 62.80 Resistance reminds us to just follow the technicals. Since the November 2019 low the stock has been rising on Higher Lows with the 1D MA200 (orange trend-line) and the 1W MA100 (green trend-line) offering a rough Buy Zone along with the RSI. Until 62.80 breaks, the target should be on the Lower Highs trend-line. Above the 62.80 Resistance, the Fibonacci extensions come into play.



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