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Virgin Galactic (SPCE) August 2023 Predictions (Early Access Public)

Updated: Aug 8, 2023

  • Month’s Theme: An important resistance level highlighted on a one-year scale. That’s crossed with a significant move higher.

  • Behavior Around the High: A very notable move into the high.

  • Behavior Around the Low: We’ll sell off from a crest or peak through multiple support levels to meet the low.


On the 1st, volume sort of levels out. On the 2nd, we’ll decline into a trough out of which we’ll rally pretty notably. We’ll break through horizontal resistance to meet a secondary resistance and then pull back to somewhere between those two price levels. There’s another prominent trough on the 3rd and a significant move out of it followed by a full retracement back down. On the 4th, there’s a big move higher out of a trough. On the 5th, there’s a lot of price change with both a prominent trough and a prominent crest. The 6th may have a lot of price change as well. On the 7th, we’ll bump up against resistance and have some sideways behavior along resistance.

On the 8th, we’ll break through that resistance. There’s a peak at the end of the day followed by a notable decline on the 9th. That decline will take us to another trough toward the end of the day with a big move to the upside out of that trough. We’ll have price swings on the 10th. We’ll have a near overbought crest or peak that we’ll sell off from toward the end of the day. On the 11th, we’ll rally and increase with momentum moving forward in time. On the cusp of the 12th/13th, there’s a really big move to the upside after establishing support on the 12th. We’ll continue moving higher into the 13th and meet key resistance. We’ll have sideways rotation along that resistance. On the 14th, we’ll have a significant decline that really stands out through multiple support levels.

There’s a lot of price change covered on the 15th, likely to the upside. On the 16th, there’s an important crest or peak with a notable decline off of it. Between the 16th and the 17th, we’ll see a pretty big move higher on a multi-year scale. That takes us into another prominent crest that we’ll sell off from pretty notably on the 17th. On the 18th, we’ll sell down to and through support and then do a U-shaped reversal where we’ll come back up to reuse it as support. There’s a pop and drop on the 19th and a possible lowest low on the cusp of the 19th/20th. On the 20th, there’s a big move higher and we’ll establish support at a higher price level at the end of the day. There’s a notable decline on the 21st.

There’s some price swinging on the 22nd out of that low with a lot of price change covered. There’s an important range on a multi-day scale highlighted and a trough midday on the 23rd. On the 24th, there’s a big move up pushing the upper end of a range higher. On the 25th, out of a trough, there’s another big move higher to meet another key resistance. On the 26th, there’s a lot of price change. We’ll first meet a key resistance but fail to break through and then we’ll have a decline. On the 27th, there’s some sideways rotation and tricky chart behavior. On the 28th, there’s a rally offering an opportunity to open a short position. On the 29th, there’s sideways rotation that increases with bullish momentum as we move forward in time. We’ll meet a key resistance on the 30th and then decline pretty hard from that resistance. We’ll continue declining into the 31st where we’ll have a sideways-fluctuating decline.

Sneak Preview

In September, we’ll have sideways fluidity with equal amounts of inflow and outflow.

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