Virgin Galactic Holdings (SPCE) has been consolidating in a nice triangle pattern since the mid-March lows following the Coronavirus outbreak. The lows of the trend have been respecting the 200MA to form a steady trend line. With the recent news that Virgin Galactic is close to receiving crucial FAA approval- (within the next two flights, as per CNBC)- to perform "regular spaceflights", there is high potential of an upward breakout for SPCE.
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