$33+ Price target for April 1 2020, and how to play it
Updated
You could argue that the cup and handle semi-formed in the early hours of Thursday, March 25 - and if so, it is time to look forward to a bright future with Virgin.
At apx 11:00 EST Thursday, March 25, the 20 SMA crossed back over the 50 SMA on the 5-minute intraday chart, giving a strong BUY signal, and the charts/markets obeyed.
How do we play this? Look to positive reactions to SS3 release, ARKX rumors, and a future May Launch.
WARNING. SPACEX may have had a failed launch the early morning of Friday March 26, and while
SPCE is NOT SPACEX, there is a magical tie between the two and price action. You may want to time your entries after the market reacts ( buy the dip if there is one). Best case, it cools off SPCE just enough to find a nice discount.
What play I'll look to get into:
Let's play the SS3 with 1 APR 21 $30 Strike Calls, paying less than $1.25 if possible. Use the gains and let it roll into another call (TBD) for post-launch after May.
At apx 11:00 EST Thursday, March 25, the 20 SMA crossed back over the 50 SMA on the 5-minute intraday chart, giving a strong BUY signal, and the charts/markets obeyed.
How do we play this? Look to positive reactions to SS3 release, ARKX rumors, and a future May Launch.
WARNING. SPACEX may have had a failed launch the early morning of Friday March 26, and while
SPCE is NOT SPACEX, there is a magical tie between the two and price action. You may want to time your entries after the market reacts ( buy the dip if there is one). Best case, it cools off SPCE just enough to find a nice discount.What play I'll look to get into:
Let's play the SS3 with 1 APR 21 $30 Strike Calls, paying less than $1.25 if possible. Use the gains and let it roll into another call (TBD) for post-launch after May.
Note
almost a quarter into the year and I'm still typing "2020"jeesh
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