SPCE Bullish Breakout: The Beginning To New Highs (IMO)In my opinion, SPCE is a lifetime stock. I'm just happy to be young and alive at it's IPO. I'm holding shares and I believe in this company. I DO believe we're bullish from here, no reason to fall back to $10-$15 again.
• Disney executive appointed new CEO is legitimizing the company as "this is real"
• Ships are almost ready to go
• Branson is first in line to go to space (I'd be second if I could)
• We're on the backside of COVID - this stock could held highs and already moved higher if we didn't have the market crash
• NEW bullish activity happening now and VOLUME is picking up
• Cabin reveal is coming up at the end of month
• Hundreds of preordered tickets confirmed and thousands in reservation mode (over 100 million in possible sales already)
THE FUTURE POSSIBILITIES
• tickets get cheaper
• Disney creates a "space world" in partnership with Virgin Galactic (zero G simulation rides, education/inspiration rides, best planetarium you've ever seen)
• interplanetary travel made much faster - Atlanta to Tokyo in 2 hours with new ships (this is actually already being planned)
• VG ships are already compatible with current international airports (no special runway or launch pad needed)
• other space and research partnerships with medical companies, NASA/government, satellite companies, etc
Buy and hold forever!!! This company could be the only stock you'd ever need to own. Imagine, $1000 price point in 10 years, with 1000 shares = $100,000 average profit a year. If you want to go to space, like I do, hold at least 250 shares and in 10 years they might be worth $250,000 and you can easily buy a ticket then. Bless!
Friendly reminder: All of this is my opinion. I do hold shares. Please invest wisely.
Virgingalactic
Virgin Secures Financial Package of $1.5 Billion - Huge Win!Just an FYI...
If anyone missed this today...
At approx. 1:59 PM today, news was announced that Richard Branson Secured a financial package for Virgin Atlantic of about $1.5 Billion.
www.barrons.com
This is also great news for Virgin Galactic Holdings, Inc. because it takes financial pressure off all the Richard Branson companies as a whole.
Also, on another note...
I've heard rumors the FAA gave Virgin Galactic the long awaited license it needs for space travel.
So we should have some great news forthcoming!
Daily Chart
SPCE is trading above the cloud and bounced up off support today to close up for the day, +0.33 at $18.43.
PMO is Bullish
RSI is Bullish
OBV is Bullish
Accumulation is Bullish
Where's the stock going from here? My guess...to the moon!
Best of luck longs!
DISCLAIMER
The Content herein is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.
Bullish Charts - The Space Force, News ForthcomingVirgin Galactic Holdings, Inc., an integrated aerospace company, develops human spaceflight for private individuals and researchers. It also manufactures air and space vehicles. The company's spaceship operations include commercial human spaceflight, flying commercial research, and development payloads into space. In addition, it designs, develops, and manufactures ground and flight testing systems, as well as provides post-flight maintenance services for spaceflight vehicles. Virgin Galactic Holdings, Inc. was founded in 2007 and is based in Las Cruces, New Mexico.
SPCE was upgraded a few minutes ago to a BUY
On 07/02/20, Virgin announced it will reveal the design of SpaceShipTwo's Cabin Interior via Livestream on July 28, 2020.
On 07/01/20, Virgin announced it is getting closer to obtaining an FAA License for Space Travel. (This alone should make the stock spike upon approval of the license)
On 06/23/20, NASA announced it is stepping up support for Space Tourism.
Virgin could be the Tesla of Space Travel.
Daily Chart is Bullish
Volume is Bullish
PMO is Bullish
MACD is Bullish
RSI is Bullish
Stochastic is Bullish
Long!
DISCLAIMER
The Content herein is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.
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.
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 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 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.