SPCE (Virgin Galactic Holdings, Inc.) BUY TF D1 TP = 24.46On the D1 chart the trend started on Aug. 9. (linear regression channel).
There is a high probability of profit taking. Possible take profit level is 24.46
This level, which I have outlined above, is certainly not a “finish” level. But it is the level that has the “highest percentage of hits on target.”
Using a trailing stop is also a good idea!
Please leave your feedback, your opinion. I am very interested in it. Thank you!
Good luck!
Regards, WeBelievelnTrading
Spceidea
Sideways trending SPCEIt is a bit of a change of scenery seeing Virgin Galactic Holdings, Inc (SPCE) trading almost completely range bound trending sideways. Those holding positions over the last 3 months had various opportunities to sell out of the money calls on their positions with out ever being assigned on their option.
With trading volume at levels that are fractions of its peak trading days there is the potential that a surge in activity could dramatically cause a fluctuation.
Seeing how price continues to play within these low ranges to identify where the next level of support will be tested before a potential reversal. With earnings planned for next Monday we can expect to see some movement, unless the market has already adjusted accordingly in anticipation.
SPCE GETS PRICE UPGRADE TO $35 TARGET (LONG SET UP)TITLE- BUY SPCE ON PULLBACK
Asset-Stock
ENTRY 1 19.90
ENTRY 2 16.90
SL 13.90
TP.1 24.90
TP.2 29.90
TP.3 34.90
Shares of Virgin Galactic Holdings (SPCE) jumped 3.4% in premarket trading Monday, after a bullish call from Cowen analyst Oliver Chen, saying the spaceflight services company is the way to won the "final luxury frontier." Chen initiated coverage of Virgin Galactic with an outperform rating and stock price target of $22, which is 26% above Friday's closing price of $17.46. " is uniquely positioned to benefit from the growing consumer interest toward luxury experiences, especially among high-net-worth individuals," Chen wrote in a note to clients. "We believe a substantial growth opportunity lies ahead with the commercial spaceflight business, which already has 600 reservations, and the development of high-speed point-to-point travel." He said a Cowen survey indicated there was a large addressable market for commercial spaceflight, with high long-term engagement and awareness. The stock has rallied 51.2% year to date through Friday, while the S&P 500 has advanced 8.6%.
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