SPCE trade ideas
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).
SPACE - $SPCETaking a long position here on Space $SPCE. We're just about at the oversold territory on the RSI, over 50% from it's recent all time high, a bounce on the 200MA, Fib Golden Pocket, and upticking begining on the histogram. A bit of knife catching, but could be in store for another solid return on this one.
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SPCE very good risk vs reward. Perfect entry point!SPCE has been a very volatile stock but the line I drew it seems like it acts like a magnet. No matter how high the stock goes the magnet pulls it back . If you were thinking to make a play in this stock or add to your position, now it is the time. I don't have a future target price in mind but this is a good entry point IMO.
Currently is way oversold!
I am not a financial advisor, and this post is informational only. Trade at your own risk.
SPCE, strong in a weak market We have seen another weak market day. SPCE broke a few support lines and boxed, just like everything else in the high-tech market, with a difference that SPCE was not over-extended from last year anyways. It was strong today online most Tech tickers. There are immediate supports of 25 and 20 and then a very strong one around 15-19. Unless some big market crashes happen, I do not think we gonna see those levels. If the market gets a bit stable, you can easily long this with a price target of 30-40 in short term and 60+ by the end of the year.
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.
It could be the bottom for the entire marketJumia, 3D Systems, Fubo, Skillz, Virgin Galactic, Plug Power, Nio, Jinko Solar, Xpeng, Li Auto, Momo, Pinterest, Beyond Meat, Peloton, Tesla, Square, etc. Some of them have lost more than 50 percent since the peak of February. It seems they all touched the bottom this morning.
Notice how they move in unison despite belonging to different sectors, the same could happen in the recovery.
NYSE:JMIA
NYSE:DDD
NYSE:FUBO
NYSE:SKLZ
NYSE:SPCE
NASDAQ:PLUG
NYSE:NIO
NYSE:JKS
NYSE:XPEV
NASDAQ:LI
NASDAQ:MOMO
BMV:PINS
NASDAQ:BYND
NASDAQ:PTON
NASDAQ:TSLA
NYSE:SQ
SPCE Long- Catching the Falling KnifeSPCE has gotten destroyed after the announcement that their first test flight is to be pushed back until May. Despite this massive downturn I want to buy the dip and hold through April and maybe May. One of the imminent risks with any aircraft stock is the potential of failure. This would likely cause even more selling of the stock. In part this is why I like the swing trade to April. It will give time for the market as a whole to recover as well as the individual stock. My target for this stock is $43.98 by April 20th.
Broke Below The 100 MA... 200 MA Next?
I'm looking for some support at the 200 MA on the daily chart before longing this. Today it broke below the 100 MA quite fast, so this is either a great short term shorting opportunity, or wait for some support before longing it. I would stay plugged in to the news about the future flights. Good news could solidify it's support at or around the 200 MA.