SPCE trade ideas
SPCE To the Moon or Fake Out Breakout?Will SPCE make it to the moon or is it another fake out breakout???? In analyzing the 2 hour time chart for SPCE you can see that it is teetering the oversold area yet the MACD is still in a bullish uptrend with no sign of change in the trend so that is promising for SPCE. If the bulls can push this past prior resistance of 21.70, SPCE will certainly head in the direction it is intended to go... straight to the moon. If the bears sneak in and steal the spotlight, fake out breakout. Since March 23 (COVID fear) SPCE has been trading in a rather large spread of 14.51 to 21.70 only breaking resistance shortly from July 16-Aug 4. With fear of the second wave of COVID-19, let's hope SPCE can prove this is a COVID proof business model. Space travel is a reality and is only in the beginning stages but once the first flight goes, I feel this stock will be unstoppable. Gravity proof with no bear able to drag it down.
Nice breakoutI would wait for a backtest to get in.
I used pivot points and fib levels to determine the support and resistance levels.
Short itGoing to test 15 again, if succeed we can go vert low. Still bearish. For now in order to go bullish we need to close above 16.5
Are we finally heading up?This has been going dwn for a while... no volume as of late because no news as of late....
sleepong giant?
Virgin Galactic SPAC.. Shame SHAME!Really?
Who comes up with this Sh..SPAC?
Who buys into this Sh..SPAC?
How do they sleep at night?
If (when) doom spike support level at $9.06 breaks, downside price target =
$0.04 or bust.
Virgin Galactic (SPCE) is at a key reversal zoneOn the left chart we're looking at the Daily time frame. Notice price is currently resting at the 200 day moving average after reclaiming it earlier this month.
That's positive.
On the right chart we're looking at the 240 min/4hr time frame where price currently displays a possible H&S construction. The stock is at a good accumulation zone here as long as the recent lows hold.
A CLOSE above 18.30 on the 4hr or daily chart can give conservative traders confirmation to get long. Aggressive traders could start buying inside the accumulation zone with stops under the black line I drew (a CLOSE under it would be needed to invalidate the position).
A big question is October 22 for SPCEI personally think that we will go long after october 22. What do you think guys? A huge gain or a huge fail?
VIRGIN GALACTIC aka SPCE is reaching an apex, will it launch?Hey everyone, today we're looking at a longer-term stock that has the potential to get exciting very quickly. I'm really liking how the fundamentals and the technicals are lining up on this wedge I've drawn, what do you think?
Note the end of this Wedge is targeted by November 2020. Meanwhile, there is a strong catalyst that will have this stock either moving higher or lower, and one should be watching this wedge pattern alongside the news:
4 days ago this report came out:
The flight will be the first of two that the space tourism company has planned to complete testing of its SpaceShipTwo spacecraft system and should have just two test pilots on board," CNBC's Michael Sheetz wrote.
"Virgin Galactic said last month that the second test spaceflight will then have four 'mission specialists' inside the cabin," Sheetz added. "If both test flights succeed, Virgin Galactic expects to fly founder Sir Richard Branson in the first quarter of 2021."
If you aren't watching SPCE right now, it's probably a good time to buy and then watch your indicators. I'd hate to miss this, but it's a high risk, high reward trade and so one should set a stop-loss according the the wedge and use the fundamental news as an indicator to match against the future candlestick pattern.
Good luck and happy trading.
Disclaimer: I am not a professional, nor do I claim to know what I am doing. I chart for my own education and revealing potential trade setups. I am always open to constructive feedback and resources that you can recommend to "up" my game. Thank you!
SPCE: Really Slowed down.NYSE:SPCE :
Ownership: I own some far-out options for (+3 15JAN2021 20/40C)
Details: REALLY slowed down on us. News doesn't seem to be moving it much. ATR has fallen all the way to 1.02. I still feel good buying $20 leap Calls, but nothing short term.
