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Virgin America stock (NASDAQ:VA) is a promising market which may make substantial gains within the next several months. The price may go upwards consistently irrespective of pullbacks that are expected occasionally.
A pullback is a normal part of market movements. It is not a bane – it is rather a blessing to skilled traders. Significant rallies are followed by serious pullbacks. When a price moves seriously in one direction, that means trend followers have made gains. These profits would also be transferred to other market speculators who are also smart.
In the chart, the price is above the Simple Moving Average (SMA) 20 and the Commodity Channel Index (CCI) is now trying to slope upwards. This means that it is logical to seek long trades, for short trades are not currently logical. This is the explanation for the expected bullish run in the market, though some pundits tend to find fundamental reasons for every price action.
Virgin America stock may reach the distribution levels at 50.00 and 80.00 within the next several months.
This forecast is ended by the quote below:
“You are unable to take risks because you fear failure. You tend to hold back rather than make new discoveries. Trading is a profession where you must take risks and explore new market opportunities.” – Joe Ross
Learn from the Generals of the Markets: Market Generals
