SPCE trade ideas
Mass Market Overreaction, Buy the DipI believe that $SPCE is at a heavily oversold territory. Overall I am quite bullish on a positive future for Virgin Galactic and think that once sentiment picks up, this can go back to garnishing momentum. That said, invest at your own risk and do your own due diligence. Everything I say is on an opinion based basis.
SPCE up and downs before next test flight - LongI've been looking at the historical data for SPCE around test flight windows and It history was to repeat itself we could have similar hype and spikes leading up to and after the test fight (providing it's successful)
When the test flight failed it fell 30% and stayed around the $24 price before then rocketing up 137% to $62
Since the news of the test flight being postponed it’s already dropped 33% to around $34 I can see it bouncing around the $32-34 price for around a month and then I can see it going up when the test flight window gets closer.
Then I can see test flight build up taking us to around $52 and if successful I think it should push to $90!
Virgin GalacticWe are the world’s first commercial spaceline and vertically integrated aerospace company. With our sister company, The Spaceship Company, we are developing and operating a new generation of space vehicles to open space for everyone.
We are comprised of hundreds of dedicated and passionate professionals, united in creating the world’s first commercial spaceline. 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.
We are proud to be part of the incredible spaceflight story. It is thousands of years in the making and driven by the deeply human need to explore our universe, to innovate and to create a better future for our society and our planet.
Our world-class team – comprising of engineers, technicians, mission controllers, and many more wonderful professionals – continues to push the boundaries of technology and exploration. Our dedication to finding the best people for Virgin Galactic has resulted in our unique and inspiring sense of purpose, and a strong culture of safety and achievement.
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What do you think?
Rocket to be launched I made a terrible mistake that sell them early in price range 32-38
Why i reopen again in higher price
1. Price tested 150 MA several time never broke
2. Massive of holding on price range 42 - 46, creating strong support
3. Price is above 200 MA - long term uptrend
4. MACD line is above Signal line
My concern
1. Quarter result to be revealed on 26.Feb, below expectations might leads selling high pressure
2. ARK fund has reduce the company holding - due to overvalue?
**Move dumps up Move watt
Thank you Guys!
SPCE - Bearish ScytheI see these patterns on lower time frames (5m charts mostly -- thanks algo's). I've never quantified the pattern but they seem to be a distant cousin of the cup & handle. Usually you spot a bunch of other patterns that break down PRIOR to spotting the scythe shape becoming crystal clear, but I've yet to see one of these things fail. If you spot the scythe at highs (short), if at lows (go long). Again I've only seen these patterns work GREAT on 5-m charts, so it'll be interesting to see if this plays out, but I basically treat it as a modified cup & handle to create my price targets. I am not personally shorting SPCE, and I have no plans to. Target $32.