Latest analyst takes
The CompoundBEARVirgin Galactic has already sold off sharply after a degen-style IPO bet, and the move shows how these trades can backfire quickly.2d ago
Christopher Uhl - OVTLYRBEARSPCE is a clear warning on bullish signals: after the May 26 buy signal, price rocketed then got slammed back down at an order block.6d ago
TraderTV LiveMixedSPCE is more susceptible to sharp pullbacks than the other space names, but the speaker still buys the VWAP-bounce continuation setup after consolidation.8d agoVirgin Galactic has already sold off sharply after a degen-style IPO bet, and the move shows how these trades can backfire quickly.
Virgin Galactic is down 48% over the past 24 hours, following a huge run-up that effectively got cut in half. The example is used to show how investors can keep repeating costly degen mistakes rather than learning from them.
SPCE is a clear warning on bullish signals: after the May 26 buy signal, price rocketed then got slammed back down at an order block.
The setup showed strong momentum around the May 26 fresh buy signal, but the stock “rocket[ed]” into an order block and then “monkey hammered” back down. That behavior supports a bear read for the immediate trade quality because sellers absorbed buyers at the order-block level.
SPCE is more susceptible to sharp pullbacks than the other space names, but the speaker still buys the VWAP-bounce continuation setup after consolidation.
The plan centers on buyers defending VWAP after a trend break and consolidation, treating it as a tradable continuation rather than a long-term position. The risk is emphasized: SPCE is described as having no viable business and being the most likely to “fall off a real cliff” among space peers.