Potential For A SPCE Bull RerunThere was an error with Tradingview, so the description will be in the comments/update chain.
SPCE
SPCE Potential BreakoutVirgin Galactic Holdings (SPCE) has been consolidating in a nice triangle pattern since the mid-March lows following the Coronavirus outbreak. The lows of the trend have been respecting the 200MA to form a steady trend line. With the recent news that Virgin Galactic is close to receiving crucial FAA approval- (within the next two flights, as per CNBC)- to perform "regular spaceflights", there is high potential of an upward breakout for SPCE.
SPCE to 18-20SPCE just got a partnership with Nasa which is good news for the company. I am going to argue for a flag and the breakout started this week. It closed lower unfortunately but hopefully, that means some rocket moves. Monday will determine which way the stock goes. The partnership is great but when we will see more missions is another thing. I'd wait a bit before getting in.
trade smart, good luck
this is not financial advice. I am new and I am learning
have a good week
SPCE is running out of space...Just a quick look at SPCE. Looks like we are looking at both a Fib resistance and Flag resistance right around the same price. I think today the open will have more Long positions entries rather than the plethora of shorts we saw yesterday due to pre-market activity we saw on 6/22. If this is the case with even a fraction of the volume we saw at the open yesterday we should break through the resistance and move to new highs. If we fail to break through the resistance look for stocks to trade sideways and eventually down for a recollection. as always this is just for entertainment and not advice let me know what you think are we taking flight or crashing back down to earth.
Ascending Triangle for SPCE looks bullish to meGood risk reward entry here with stop just below the trend line
Commercial Space Virgin Galactic has been testing their launch system which uses the aid of a Boeing 747 to launch payloads into space. Their commercial application although still in testing phase has optimistic potential now. Especially considering the applications that commercial space logistics can play in the future
$SPCE Lines Up a Signal LevelSPCE has lined up a huge confluence at the $20/share level, where we see sloped support-become-resistance and price level resistance (from chart resistance points) along with a widely watched round number (20). That should mark the signal point for dividing this chart in future action.
With last week's successful launch of the SpaceX mission, extra attention may hit SPCE shares and force a critical test. Keep it front and center.
not Virgin groundLet see if this one can bust out now its ready for take off again.trading above all MA.
SPCE LongI think this one is getting ready for another move soon...not sure what strike to dip in at yet
SPCE stabilized on major support, target of $25.78SPCE came down to critical support and appears to be bouncing from there.
Bullish signals
Bounced off 200 SMA
Uptrend Gann fan that started at the major sell off supported price near final fan line
Daily MACD and 4hr MACD both flipping green
4hr TD sequential indicated a 9 buy signal
Inner cloud edge-to-edge trade possible with target of $25.78 (top of cloud)
SPCE LONGInformation is in the chart.
SPCE Bottom of trendline bounce play. Resistance here at the fib. If we can push through the 16.50 area we could push higher.
This content is for informational and educational purposes only. This is not in any way, shape or form financial or trading advice.
Good luck, happy trading and stay chill,
2degreez
SPCE Virgin Galactic 🚀🚀🚀🚀 I”m Long Here 17.45 here we come I know most people are short here
But when the long term Trendline held at 14.78 that was enough for me to long
If you followed the price action over Wednesday to Thursday’s action it was trading at such a tight range and the bears we’re unable to pull the price lower.
I’m expecting news from virgin orbit launch and keeping a tight eye on Tuesday’s open.
The news of Branson selling stock is over and behind us, I think investors will start to jump in here for a long up to 17-18. I expect some choppy play, but this looks bullish to me on daily
Bullish
Long term trend line
Lower end of channel up
Heavy tight consolidation
News coming for virgin orbit
Bearish
Trend down still in tact, I expect a test of 17.34-18.05
That’s the do or die line for me
Let’s see what happens
[SPCE] Super Wedge Short Setup... Heading to $12?Hangin on by it's fingernails right now. Not even all the hype today could save them.
I haven't been trading very long but I'm guessing the 10, 50, 100, 200 SMAs all running simultaneously into a giant wedge pattern where the price just broke below channel support and is barely clinging to long term support is spectacularly bearish. Bust out the popcorn folks!
RSI and Volume indicators not looking great either.
[SPCE] Strong MACD and RSI Downward Trend Channels.. Wait for ItMy first SPCE idea is holding up great so far, still heading to $12 here, so wanted to dive in and pick out some nuance.
Check out those RSI and MACD trends, I wouldn't buy until we clearly breakout of these.
Slide should continue. Ideally we'd touch the RSI 30 and have one more MACD lower bound retest before buying.
Lets hope for some good luck here! The coming June crash could be just the catalyst we need.
SPCE not going to SpaceTF: 8 HR
SPCE looks like it could fall to around $10.40 from this current level over a few weeks. If the trend around $10.40 breaks than deeper decline may occur.
SPCE hitting resistanceEMA and MA crossover since the previous downtrend so it could go up to the next bullish signal given the price stands at this $18 range the next couple days. On the other hand it hit the resistance level so you may consider realise some/all of the profit if you bought it last month.
Above and BeyondI like this I think Big money is ready to gamble! I thinks its ready for take off! sitting nicely = above MA
