SPCE trade ideas
SPCE (1D) Longterm Target - Wait for DIP Hi Traders,
Hopefully nobody HOLD SPCE Stock right now and you all took profit at last top ?
My expectation is the stock was too much pumped / Hyped by positive news on test flights.
Seems like Major Stockholders - Richard Branson and Chamath were selling huge % of stocks. We can expect continuous drop for next few weeks.
Wait for moment when you will not hear about company anymore / or there will be only bad news (investigation / more selling from Insiders). This could lead to 1:1 extension of corrective waves A:C.
Historic LOW could be good price target to watch. If its going to be supported by RSI and MACD COnvergce at leats at 1D chart. I will notify you about LONG Setup. ;)
Also take deep look into Fundamentals. This company and Space flightscould be good investment long term.
not recommendationThe investment is very simple here
first we can see the trend is clearly going down
and if SPCE about to keep going down...
in the $14 area is my entry point
And I'm going to risk two points down.
My entry point is the smartest point to get in
only becuase of the support line and the risk reward
I'd love to hear opinions.
$SPCE Long, double returns from now.We are approaching lowest level YTD ~$17.30.
Expected to bounce to resistance ~$22 in the short term (profits) .
Fall back again before good take off, probably after some "on track for Q4 2022 space travel" news.
One year best target could be $36 which is double from now .
I would then expect some delays for space travel in 2023 , because it's just too hard to be on time. Price would suffer slightly from that before rocketing to what could be a n easy $20 billion market cap business (x10 from now) .
Not a trading advice, let me know if that sounds a plausible scenario.
ShortA downward trend for the company. No specifics, break the support level and go short. Target: 14.
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$SPCE Virgin Galactic Holdings potential LONG Trade Setup$SPCE made a 90% retrace of it's last run.
Nice bullish divergence on the daily.
Something to watch though is the small gap at $ 17.30
Maybe wait for a confirmation daily close above the daily EMA 20 to enter.
If the gap somehow gets closed before we run, its a STRONG buy imo.
SPCE nested elliot wavesSpace is the future, Virgin Galactic is a player in space tourism, and it seems it might be in a possible wave 3 inside a nested 1-2, 1-2, 1-2. Currently living inside a channel.
Just my opinion.
Please do your own research. This is not financial advice. For education purpose only.
SPCE D1The space industry has been gaining more and more popularity in recent years. The development trend in this area is surprising, even considering the capabilities of technology today. Virgin Galactic is one of the leading companies in the industry. This year, the company's shares reached new all-time highs twice. This speaks of great progress on the part of the company. Virgin Galaktik is hard at work on her new developments. I think that in the near future we will see new peaks in the price of stocks.
Time to rocket or catch a falling knife?Loving this set up as well on SPCE. It has been dropping hard for the past few weeks, but I feel like we finally bottomed on this one. Still be very cautious however, we still have support at 14 and 16. however, 18 is a strong demand area which it obviously bounced off from. the Lagging span is now above price which gives confirmation of a reversal. Additionally we see SPCE making a moku break out from the red cloud. I want price to break out of this down trend resistance line and hold the area highlighted in purple so i can confirm we are going long or making parabolic steps. We might see the gab fill first on my second purple highlighted area before we can cool off again and then make an attempt toward the big push toward 40-60 as this stock did before.
Sideways trending SPCEIt is a bit of a change of scenery seeing Virgin Galactic Holdings, Inc (SPCE) trading almost completely range bound trending sideways. Those holding positions over the last 3 months had various opportunities to sell out of the money calls on their positions with out ever being assigned on their option.
With trading volume at levels that are fractions of its peak trading days there is the potential that a surge in activity could dramatically cause a fluctuation.
Seeing how price continues to play within these low ranges to identify where the next level of support will be tested before a potential reversal. With earnings planned for next Monday we can expect to see some movement, unless the market has already adjusted accordingly in anticipation.
Virgin Galactic delayed commercial flights until Q4 2022 Virgin Galactic delayed the start of start commercial flights until Q4 2022.
I expect it will touch the 16.20usd strong support from which it should consolidate before another leg up.
Virgin Galactic reopened ticket sales with prices starting at $450,000 per seat. They sold 600 tickets so far.
Jefferies sees Virgin Galactic's total addressable market at $120 billion and Virgin Galactic's revenue hitting $1.7 billion by 2023.
If the brokerage firm is right, then the 4.775Bil mk cap is undervalued right now.
I`m looking forward to read your opinion about it.