SPCE To The MoonVirgin Galactic SPCE Receives Approval From FAA For Full Commercial Launch License Following Success Of May Test Flight.
Price still have a room for an upside potential to $50 and $60 levels respectively.
SPCE trade ideas
SPCE: So many of us had struggled to count this. I just saw it after it printed a lower low. I was counting it as a wave 4 but it got lower than wave 2. Now it looks so obvious. The successful flight today could see it go up 30% on Monday.
SPCE.. to the moon? Or pullback??SPCE looks to be at the top of 2 regression trends. Pullback? Or are we busting through? That is the question
TARGET HIT $SPCE @ 39.80 for 40.14% Profit in 142 daysTARGET HIT $SPCE @ 39.80 for 40.14% Profit in 142 days
OMG... that was a really long hold 🤣 I was sweatin' it a little bit at the end there.
GOOD GAME if you rode that pullback with me. WOWZA... but it helped me refine my strategy a bit. GL, y'all... I'm out for now...
SPCE: What's the next move?Last time SPCE formed a golden cross, it grew more than 100% following its base formation. All indicators and patterns are in favor of a move toward $70.
Here are the 5 reasons for a bullish move:
1- Golden cross.
2- Solid base with low selling pressure.
3- Recent gap up on high volumes.
4- Growth momentum in the overall market.
5- Numerous positive catalysts on the horizon. Branson to space?!
Long $SPCEInteresting "do or die" time for SPCE in my opinion.
I'd like to see it fill the upside gap approx $42, however we are at a significant level that has multiple previous reactions.
Generally increased volume should be favorable to continue the uptrend we have currently, but with our modern wonky market, all you can do is protect your position with appropriate risk management. I'm long here and targeting 42, stops tight below.
not financial advice.
SPCEI see an AB=CD pattern targeting R2 Yearly or $60.00. Bull Flag forming now waiting for Breakout.
virgin galactic moving to the upside we have a potential buy for a quick trade on virgin galactic, we have seen buy pressure breaking the weekly zone and lower timeframe downtrend so on Monday we might be placing a trade to the upside with a buy limit order just above the break of lower timeframe lows. we know the stock market is seeing moves to the upside after the sell off and we are seeing breaks of major levels so I'm very confident that we will see a quick move to the upside before a higher timeframe exhaustion.
SPCE Sell RangeSell: $41-42
Idea Invalid If: Break back above Prior Trendline Support or $41-42 is retested as support
Virgin Galactic.We'll probably see them on the news.Virgin Galactic.
Disclaimer/
On average, 90% of all stocks move down with the market, and 75% move up.
The wave principle applies to some extent to individual stocks, but counting the waves for them is often confusing and does not have much practical significance. But since the company has a large capitalization, we assume that the state of the shares depends on the psychology of the masses.
Virgin Galactic is an American company that is part of the Virgin Group and plans to organize tourist suborbital space flights and launches of small artificial satellites. In the future, the company plans to offer its customers orbital flights. Virgin Group is an international conglomerate of companies founded by British businessman Richard Branson.
testing the resistancecurrent price is testing the resistance. note the PSAR. will there be a rejection. i think so.
Dynamic Suppistance Curve analysis on SPCELast week SPCE moved up to a medium resistance level and has been trying to work its way through overhead resistance (both red curves). It seems to be holding and I am detecting a positive shift in momentum for this stock next week. I believe it will be squeeze whilst moving downward for another day or two and then break through overhead resistance with the next resistance level being all the way around the 45$ level.
looking for a drop to 34$ early next week with a bounce through resistance to at least 40$
SPCE BoundWith the weekend around the corner, the RSI peaking, and the Fibonacci convergence... I expect we’re going to see a slight pull back towards the support zone around the $30 mark (38.2% FR)
Going into next week, after finding our support zone, I expect we’ll be on the climb to find the next resistance zone at around the $45 mark. (61.8% FR)
SPCE to the moon? maybe after a little dip! ;)congrats if you bought the dip when i posted my idea here on tradingview under 20! we really made bank off this one <3 RSI hitting extreme overbought area. look for a dip entry around 30 round number support ! goodluck :) leave a like and follow if you found this helpful
Virgin Galactic Holdings (SPCE)The company has partnered with the Italian Air Force to fly three spaceflight participants and multiple payloads. This revenue-generating flight is expected to take place in late summer or early fall.
SPCE at resistanceIf SPCE breaks through this current resistance level at $38, then my next price target will be $45.
Golden cross is about to form on the daily chart (50 EMA crossing 200 EMA) which usually is a sign of an uptrend.
VIRGIN GALACTIC HOLDINGS (SPCE) IS IN STRONG BULLISH FORMATIONVirgin Galactic Holdings Inc (SPCE) is in strong bullish formation after completed the third spaceflight and the first-ever spaceflight from Spaceport America, New Mexico, launched on May 22, 2021. The share price rose by more than 140% in less than a month after it hit the strong support level of 14$ per share. The Unity vehicle (the carrier plane), with pilots Dave Mackay, powered to a height of 89km (55 miles) and then glided back down to Earth. The company has more than 600 paying customers – including movie and music stars waiting to take the same flight. But they will get their chance if US Federal Aviation Administration fully licenses the spaceship. The company had problems with interference issue, which aborted a previous flight in December. Following the worse than expected financial results in February, Sir Richard Branson (the founder) and four entities sold 5,584,000 shares of Virgin Galactic between April 12 and 14. The share price drop to 14$ per share – Covid-19 pandemic levels, which pandemic inflicted damage on the whole travel business. But during the last month, the stock's performance is more than reasonable, and the strength of the upward movement shows no sign of weakening.
After the rebound from the intense psychological level at 14$ per share, the price breakthrough 23.6 and 38.2 Fibo resistance levels, and yesterday closed at 50.0 Fibo level and very close to 35$ per share. If impulse upward movent will continue and breakthrough 50.0 Fibo level, it is possible to test 61.8 and looking for the high from February this year. In another way, the price may test back again 38.2 level and confirm it once again as a support level already.
6/5 SPCE(1) forgot when I did chart on SPCE, but all the downside along the pink tunnel is a buy to me, long-term
