Requested Charts - VZ, BAM, SPCE
Virgin Galactic Holdings
- The stock tried to have a bounce Friday but got crushed, clearly indicating this was just a dead cat bounce.
- A break below $9.36 and we are seeing $7 area to act as the next support
- Looking at the 5 minute chart, we saw the strong downward pressure this past Friday
Brookfield Asset Management
- While the stock is holding its 100 EMA on the monthly chart the volume is quite high relative to previous weeks
- We see the $36.03 level acting as strong support as the previously acted as resistance from 2015 to 2017
- If $36.03 breaks watch for $26.35 to act as strong support
Verizon
- Verizon is holding up relatively well compared to the overall market
- Verizon found strong support at the 100 EMA
- Daily MACD shows that the stock is still not out of the woods yet