HUGE ACCUMULATION, TA and FA CONFLUENCE! HOLD ON FOR THE RIDE. Huge accumulation happening for the past 3 months. July 31st is the reveal of the interior of the space ship, and Aug 2nd is their earnings report, where they will more than likely announce they have received FAA certification, AND have scheduled date for getting RB into space.
This confluence is extremely rare to see in an asset.
Spcebreakout
[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 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 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.
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 LONG SET UP ON PULLBACK (MOON TIME)BUY SPCE LONG SET UP ON PULLBACK
ENTRY 1 23.68
ENTRY 2 20.48
SL 14.00
TP.1 32.44 & TP.2 34.48
TP.3 38.00 & TP.5 44.00
stock dropped 15.5% in Wednesday trading. Don't cry too hard for the company, though -- the stock is still up 300% in the past couple of months.
Why did Virgin Galactic go down so much today, though? One word tells the tale: earnings.
SPCE LONG ON PULLBACKBUY SPCE LONG SET UP ON PULLBACK ENTRY 1 30.68 &SL 28.00 TP.1 39.44 TP.2 45.48 TP.3 50.00 In this wild stock market, some investors favor Tesla and Virgin Galactic over Apple and Amazon Both Virgin Galactic and Tesla provide short-term trading opportunities for sophisticated investors both from the long side and the short side. Our system gave a signal to...
SPCE LONG SET UP ON PULLBACK FOR NEW ALL TIME HIGH of $50-$55)BUY SPCE LONG SET UP ON PULLBACK
ENTRY 1 30.68 &SL 28.00
TP.1 39.44
TP.2 45.48
TP.3 50.00 In this wild stock market, some investors favor Tesla and Virgin Galactic over Apple and Amazon
Both Virgin Galactic and Tesla provide short-term trading opportunities for sophisticated investors both from the long side and the short side.
Our system gave a signal to short-sell Virgin Galactic for a very short-term trade near the highs. However, there was no point in publishing that signal because the shares were not readily available to short. The plan is to trade only those setups where there is reasonable risk control. It is also important to pay attention to Arora’s 14th Law: “To be successful at investing and trading, become a master of position sizing.”
BUY SPCE LONG SET UP ON PULLBACK
ENTRY 1 30.68
SL 28.00
TP.1 39.44
TP.2 45.48
TP.3 50.00
Virgin Galactic is one step closer to blastoff.
In this wild stock market, some investors favor Tesla and Virgin Galactic over Apple and Amazon
SPCE LONG SET UP ON PULLBACKBUY SPCE LONG SET UP ON PULLBACK
ENTRY 1 23.68
ENTRY 2 20.48
SL 14.00
TP.1 32.44
TP.2 34.48
TP.3 38.00 & TP.5 40.00
Virgin Galactic is one step closer to blastoff.
The aerospace company's stock price surged as much as 19% on Friday to an all-time high of $28.23 per share, capping off five straight days of gains.
Virgin Galactic announced on Thursday that it had relocated its SpaceShipTwo, named the VSS Unity, from Mojave, California, to its commercial headquarters at Spaceport America's Gateway to Space building in New Mexico.
Moving the spacecraft is a milestone for Virgin Galactic, as the VSS Unity will eventually shuttle paying customers to space and back from the Spaceport America facility, the company said. At the beginning of 2020, it set a goal of sending its founder, Sir Richard Branson, into space this year, for this 70th birthday, CEO George Whitesides told CNBC.
Virgin Galactic's stock has more than doubled so far in 2020, fueled in part by bullish ratings from Wall Street firms that recommended investors buy shares, citing the company's near-term monopoly on space travel and comparing it to Tesla.
That hasn't stopped short-sellers from pouring $388 million into bets against Virgin Galactic, roughly 31% of the company's float, Bloomberg reported, citing data from the financial-analytics firm S3 Partners. Short-sellers are down $214 million in mark-to-market losses since November, including a $10 million loss on Friday's stock spike, according to the report.
As of September 30, Virgin Galactic had a waitlist with more than 600 people from 60 countries signed up to take a space-tourism flight. Each ticket costs about $250,000, adding up to $80 million in collected deposits and $120 million in potential revenue, Virgin Galactic confirmed in its third-quarter earnings report.
Virgin Galactic became the first publicly traded space-tourism stock on the market in October when it began trading under the ticker SPCE. Its main competitors are Blue Origin, owned by Jeff Bezos, and SpaceX, owned by Elon Musk.
Markets Insider