Virgingalactic
Virgin Galactic looking for a huge move? But which direction? With a possible head and shoulders pattern in the charts we could see a huge move down in price!
On the other hand, for about a month now I see a alright triangle forming for a possible leg higher!
So in conclusion I'm going to try an options strangle for a possible break out either way!
SPCE newsThe first powered test from Spaceport America was scheduled for December but computer trouble caused by electromagnetic interference prevented the spaceship’s rocket from firing properly. The test was rescheduled for February but then scrapped as the team continued working on the interference issue. Colglazier said the flight now is scheduled for May.
Fundamentals: Whenever a new test flight was announced, the NYSE:SPCE price increased.
Technical Analysis: MACD crossing, we can see reflection from the support and overcoming resistance
Virgin Galactic, will it do it again? It usually bounces between 60 and 170 percent, previously it has respected the buy and sell signals of the squeeze momentum indicator, if repeated it could return to a minimum of 40 dollars and a maximum to the range of 50-60 during the next quarter.
It has a strong support around $23 and a significant resistance at $35, if it passes it, we should expect a greater rise. And in the other case, if it breaks the support, the next bottom is at 20 dollars, more than that it is practically impossible for it to fall.
NYSE:SPCE
Virgin GalacticMission:
Our mission – to be the spaceline for Earth – means we focus on using space for good while delivering an unparalleled customer experience. Through our work, we believe we can help inspire future generations and make it possible to see our beautiful home planet from a new perspective.
Recent News:
1. Virgin Galactic today unveiled the Company’s first Spaceship III in its growing fleet, VSS Imagine. The spaceship showcases Virgin Galactic’s innovation in design and astronaut experience. Imagine also demonstrates progress toward efficient design and production, as Virgin Galactic works to scale the business for the long-term. VSS Imagine will commence ground testing, with glide flights planned for this summer from Spaceport America in New Mexico.
2. VSS Imagine will commence ground testing, with glide flights this summer
Breakthrough livery design allows Imagine to mirror the surrounding environment as it moves from Earth to Space
Manufacturing ramps up on next SpaceShip III in the fleet, VSS Inspire
3. Land Rover has announced a three-year extension to its global partnership with Virgin Galactic, the world’s first commercial ‘spaceline’.
Virgin Galactic’s latest spaceship was unveiled today, supported by a Range Rover Astronaut Edition. Land Rover will remain an integrated part of Virgin Galactic’s day-to-day operations as the company completes test flights with ‘SpaceShipTwo’ and begins a regular commercial service.
Land Rover vehicles are part of daily life for the Virgin Galactic team, with roles which include towing the space vehicles, carrying equipment and clearing runways before take-off. They played key roles during the company’s first two spaceflights which saw Virgin Galactic become the first private company to fly humans to space on a spaceship designed for commercial service. A fleet of Land Rovers also supported Virgin Galactic’s relocation from its manufacturing and test facilities in Mojave, California, to Spaceport America in New Mexico – the world’s first purpose-built commercial spaceport.
What do you think?
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🚀Blast off VirginGalactic 300+ % to the upsideBy following the monthly support/resistance lines we get a general indication of where this stock may go in the near future, approx 2yrs. As the acceptance of commercial/tourist space travel continues to grow it gives my thought/idea a bit more confidence.
Buy $SPCE - NRPicks 07 Mar
Virgin Galactic Holdings, Inc. is an integrated aerospace company, developing human spaceflight for individuals and researchers in the United States. It also manufactures aerial and space vehicles. The company's spacecraft operations include commercial human spaceflight, commercial flight research, and space development payloads.
The company came close to losing all its 2021 profits in the last few weeks, attributed to the overall market decline and to investor Chamath Palihapitiya making official a sale of 6.2M of Virgin shares. Possible sustainable rebound in MA200
Technical:
MACD Level (12, 26) 5.76
Bounce over MA200
Price below MA50
RSI 36.02 Oversold
SPCE LEAP options SPCE is dropping into wave ii support level at about 29 before a rally in blue wave I begins. Look to establish Leaps on SPCE expiring end of the year with an upside target of 76. On guard for a possible rebound along with the NDX (refer to the above ) making a potential rebound in wave (2).
Taking SPCE to the Moon 🚀SPCE is dropping into wave ii support level at about 29 before a rally in blue wave I begins. Look to establish Leaps on SPCE expiring end of the year with an upside target of 76. On guard for a possible rebound along with the NDX (refer to the above ) making a potential rebound in wave (2).
Virgin Galactic - SPCE - Chamath concede that Elon is the GOAT ?Virgin Galactic - SPCE - Does Chamath concede that Elon is the GOAT tech travel? Ever since SpaceX announced an all-civilian flight, Chamath has been 'Adjusting his liquidity profile' and selling his interest in Virgin Galactic. Virgin Galactic has been working toward civilian space flight but SpaceX is poised to do this with ease. SpaceX has already successfully completed NASA missions and Starlink launches. Seems like Virgin Galactic has been beaten at their own game. Can Virgin Galactic recover and compete? Well Chamath may not think so at this point? If SpaceX or Starlink go public(or private offering) I am sure many investors would want to have some 'dry powder' to take advantage of such a situation. Just food for thought - Not Financial Advice.
[SPCE] Next Candle Better Be Good or Bye Bye...Hammer candle alert... testing right below some nice fractals.
Tomorrow's candle should bring clarity to the direction we'll take next, I'm leaning short here though.
If we break under these fractals we'll likely land on orange around $40 briefly before the next takeoff (We're not likely to get much under $37 from here).
Not expecting much from earnings either way but keep an eye for any surprise.
hot $SPCE test flight and stock prediction.Despite volatility, the stock is steadily rising and will probably reach 100$ by late March or April.
And if Ark launches the new Space ETF, it is no doubt it will include a portion of VG, which means this stock is going to touch the outter space.
Stong Buy.
[SPCE] Peak Orbit Reached... Heading Back to Earth for LANDING!It could be a continuation pause but doesn't feel right. More likely it reverses back down here.
Notice how Price came to rest exactly on the fractal mid-line. That downchannel fractal also got tested pretty spot on from both sides on Prices way up.
I expanded the Value Channel yet again here, doubling it. That puts any Price under 30 as target pickup but it also may never reach back down there again, only time will tell.
$SPCE BULLISH TREND TEST after seeing a golden cross which indicates a potential "major rally" last April 2020, and a C & H Pattern which indicates a bullish continuation with an expectation of a breakout, which took effect after the consolidation and breaks after ARK Investment Management filed with the SEC to launch a space exploration ETF, follows a rally and a minor pullback is now expected. A bullish trend after hitting the support will be tested on the following days.
not an expert advice. Trade at your own risk.