im not a stock investor. just practicing my technicall analysis.im not a stock investor. just practicing my technicall analysis.
SPCE trade ideas
great chart request friends! high rsi and looks like a double chart on the daily, also very high rsi! everything is saying its a short now! wait for trendline support to break for confirmation, i may grap puts there and target 24-25 for a quick scalp! goodluck to shorts ! :) leave a like!
SPCE 1/22 strangle ideaVIRGIN GALACTIC HLDGS is up 20% today because ARK’s Cathie Wood Is Launching a Space ETF. Since SPCE can be very volatile, I picked up a 1/22 expiry SPCE $32-33 strangle. Do your own due diligence, your risk is 100% your responsibility. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Small incremental steps work : If you double a penny a day for a month it = $5,368,709. Good luck and happy trading friends...
*3x lucky 7s of trading*
7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet
7 Common mistakes:
+5% portfolio trades, risk management
Beware of analysts motives
Emotions & Opinions
FOMO : bad timing
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors, no adaptation
7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big organized desk
Reading books, playing chess
Sorted watch-list
Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
TTC - trend channel
www.tradingview.com
Scaling in LONG on SPCEI haven't personally traded this one but it looks like wash, rinse, repeat type of set up. The reason I didn't go long aggressively was because it is right below the horizontal resistance level. I like to enter my position long when the security is breaking out of resistance for the optimum entry. Target is the downtrend line from Feb 18th ATH around $34 range. Bullish cross over on the PPO as well but again, it is under the zero line. If it gets rejected at the resistance, it's going lower. I would keep a tight stop.
$SPCEAt support of a down-sloping wedge
4hr classic bullish divergence on the MACD and RSI
Daily hidden bullish divergence on the MACD and RSI
Need to get back above the horizontal support @ $24.40
Would like to see a rally to the two gap fills
Stop is below the lowest candle close of the retracement
SPCE Cup & Handle developingSPCE has been curling on the 1hr for some time now and looks to be in a cup pattern. Watch for a 10% rejection off the bottom of the gap before retesting the gap fill above (green).
SPCE4hr classic bullish divergence, daily hidden bullish divergence, at the golden retrace, flipping previous resistance into support. (Not financial advice and heavy market uncertainty right now)
SPCE | Fibonacci LinesCharted SPCE after seeing it run up 15% after hours.
There was a inverse head and shoulder before the rally. According to the fib retracement, we need to break over around $31.30-31.40 in order to go higher to $35.
Virgin Galactic Holdings Going to the Moon?Imagine recreational space flights available to the community....yea you heard that right!
Imagine over 400 flights throughout the year serviced to people that looks like you and me!
.....Exactly why I'm going all in on this company!
I do believe aliens are real and I feel that there is always more to be desired within the human race and I only see a bullish future for this space company especially considering this is a first within the intergalactic community with hopes of giving a recreational experience to interested minds. Space exploration is key and I feel like this company will thrive in space travel for the average consumer. This company will help the society tenfold simply off the ability to conveniently launch trips for leisure as well as research. I see a very bright future for this company!
I bought 2 shares @ $23. Price is at $27.56 now and in my opinion...it will continue to thrive upwards. Seems as if price is currently breaking through a resistance zone between $21-$27 and should turn the current resistance into a new support. Based off of the stochastic RSI, it looks like there has been a dip on the daily time frame. I have price at least retracing 50-61.80% of the previous high which mean that price should at least test or surpass the range of $29-$30. I truly feel like this stock will continue to rise. I do feel that price will break through Feb '20 high of $40...Let's see what happens.
I'm no expert. Simply an amateur trader!
Let me know what you think!
$SPCE - Gap fill lottoTrend reversal today - looking for a gap fill if we get a triangular b/o. High risk $32c for EOM. Good luck!
At strong resistance, breakout here is possibleAt strong resistance, notice the large gap to fill above it if it were to breakout.
