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







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