SPCE
SPCE 4 Hour Chart AnalysisIt seems as though when it comes to the MACD 4 Hour and SPCE
SPCE seems to respect the first bull candle created in the MACD quite well
Looking at previous bull runs for this stock, it seems to rise exponentially higher when the MACD 4 Hour bull candle is created
Looking at the 4 Hour MACD right now it seems like we might create another bullish MACD candle on the 4 hour chart very very soon
but first we might see a drop down to $12, as you can see on the hour chart it crossed resistance and bounce back but it crossed
it might retest the $12 levels depending on where the market sentiment is, but the more important thing to look at is the creation of a green MACD cande
that is the prime indicator for SPCE's direction
and like i said a couple sentences back, its looking like its going to create another one soon and when it does, it, on average goes up anywhere between $7-$10/share
the first bull run we saw an increase of about 100% or $20 when it ran up from $19 to $40
with the market being where its at now, i can easily see a run up of minimum $5-$7 after the green candle on the MACD is created
there is also the sentiment that we are in a full out bull run, which, in case, we might even see a full run back to the $40 and possibly a break of those ATHs
SPCE: $18.80+ Short Target ($20 Potential)First off don't take anything I say seriously or as financial advice. This is on opinion basis. That being said, let us get into my insights. Virgin Galactic have been doing lets of innovative things recently, and has a very well rounded executive management team. The demand for satellite launches and government contracts are expected to grow as a result of the 5G boom. Though they aren't the biggest player in the field, they have been making their large dent. They were also on a 3-month bull run before its current negative correlation wave. Now it seems to be meeting market support again, and the curve seems like it can go back up. I think realistically an $18.80 target is viable, and it has the potential to cross the $20 threshold. I'm having high hopes, even giving their earnings call is May 5th. Given the earnings call is May 5th, and Virgin Atlantic haven't performed well this quarter, I would likely wait until the dip to invest rather then purchasing prior to the earnings call (or try to find a way to quickly flip it), as mitigating potential risks is the best strategy. (Not to say that Virgin Galactic can't beat expectations.)
SPCE possible breakoutHey Traders,
Risk Reward 5:1.4.
Looking down to the 1HR chart on SPCE there is a falling wedge pattern forming after a nice rally up from price at $10.00.
Today price tested key levels of support seen by the green arrows. Price hit a double price support at 16.02 and has pushed up with an attempt to breakout.
As always wait for the breakout and confirmation of the retest before entry.
Entry at 16.69
SL at 15.91
TP1 at 17.95
TP2 at 21.06
Thanks.
$5,000 Mistake On SPCELet me walk you through one trade I took back in February. NYSE:SPCE
Waking up on Feb 25th, I noticed SPCE started tanking due to bad earnings. Recognizing this Head & Shoulder pattern wasn't difficult... At All!
Even though I had just started options trading the week before, I decided to trust my technical analysis opinion and took the trade. On Feb 25th I bought 3 $29 strike puts expiring 2/28 (2/28 the morning we bottomed out at $20).
Waking up the next day (Feb 26th) I sold all 3 contracts for a 80% return as I really didn't want to be greedy. Although as you see I should've trusted my TA and not let emotion come in between me and the bag.
Everything is a learning experience and part of the plan. Keep your head up, trade with confidence and let's get this bread.
Almost thereHello, now we have got our massive move like said last TA. Which atm within the next 24hrs we should suspect another massive move. Target is just shy of the 8196 and here is why.
Now looking at BTC chart on Friday it ended in Red, yet something else didn't....GBTC ended in the Green. Weird. What is GBTC? Well unlike normal commerical investors, investors only have GBTC unless they have enough capital to do futures, which most don't. When you buy GBTC, they buy Bitcoin on your behalve. They do have GEth or something, but that value is $80, so I think that one is full of shit.
Now if we take the spike tip to where it closed Friday it was up 3%+, which if we compare it to BTC would give BTC just shy of 8196, pretty dam close to our target before havling. Sad news is I can't trade futures after May 19 due to bybit and US IP address. Not sure if we can use VPN. IMO BTC should be traded in the forex market, which I do have a broker that lets me do it. I think I use their money instead of mine...its how they get around it.
Now the chart you see is an accending wedge patter, with a bullish MACD crossover and just shy above the middle ground of the RSI. Again its low volume, but you have a higher chance of going long ATM. After target is it, I will close and reevaluate the future. With the idea we are going to be going into deflation instead of inflation it is a mystery on what the miners break even price would be. If we don't experience deflation and we continue normal that technically 7-8k is the new 3-4k.
Now I'm gonna make a bold prediction. If halving plays out like it did for the past couple times. I will set a target price of 100k-200k by 2021, but theres some factors that isn't priced in like the US election.
SPCE OVERVIEW Why Virgin Galactic Could Keep Falling as Investor Unease Increases
In the first quarter of 2020, Virgin Galactic (NYSE:SPCE) defied gravity. The stock peaked at an incredible $42.89 by late February. The impossible valuations came to a quick end when market selling accelerated. The nearly full shutdown across the United States and in Europe put an end to reckless stock buying. SPCE stock fell below $10 last month and is in danger of forging new lows ahead.Source: Christopher Penler / Shutterstock.com Why would investors speculate on Virgin Galactic when the com
Yahoo Finance · Apr 9
$SPCE Breakout is Questionable, But Bloggers are TooSPCE just broke out .. again. The story seems to be one of mistaken identity. But markets can often carry information even "reporters" can't understand. Resistance is in play, and another Branson Co caught a govie contract with Space implications.
Virgin Galactic $SPCEAfter long rally, Virgin Galactic fallen back and holds above weekly 50SMA but couldn't close above last week's candle. Daily looks still bearish so first needs to get over $15.96
SPCEjust a recap of cycles and trends unfolding. keep track of trading signals so you can respond to what price action does moving forward
SPCE where it will be after announcement of Q1NYSE:SPCE
today gonna be announcement for Q1 spce
but we have to remember no sales so far only people book for the trip
but they have lot of positive money backing up
good for future long
SPCE Virgin GalacticNeutral on Virgin Galactic.
Took profits from all of my short positions here. The gap was filled and the support held it.
It will be a really interesting day tomorrow. The trend is still down though.
Long $SPCE after MS changes viewMorgan Stanley upgrading Virgin Galactic back to overweight from equal-weight.
Will it go back to 40? We don't know?
Has this market Bottomed? We don't know?
Today is a more positive day Italian index is +7 on the news they might have passed the peak.
Oil company Shell is up double digits today as well.
so there is hope. And man will once more want to go to space.
