Virgin Galactic Holdings, Inc. SPCE

$SPCE Branson owns large part of the company with BR an VG? Nonsense. While institutions hold 39.62%, only 18.1% is owned by the insiders. Branson had his selloff of 300 million shares in November 2021.

$SPCE ...gap closed ✅?

$SPCE still don't have positive MFI for reverseal

$SPCE ..gap $2-2.1

$SPCE Today's officially 60 days of bearish EW pattern duration on D, which started at its peak of $6.17. Currently, still riding the strongest one, the 3rd wave. ✅? ???

$SPCE ???

$SPCE We'll see if FED pauses the increase next week..

$SPCE De-risking is always the first to hit the tech. All tech. That doesn't mean complete sell off by the institutions, but reducing part to de-risk. Often it will mean for the stock to go down. Like, to what Buffet did with portion of his stake in HP, selling 5.5 million shares this week (which is why HP tanked since that was made public yesterday).

$SPCE The MFI is still negative rn, so no reversal entry for ? till that aspect changes first.

$SPCE ...reading appropriate news VS. bs noise is a good habit to have..especially applicable to the shit that's about 40% owned by institutions..???