Spce- Longterm outloookWe either watch people paperhand out or we see some good growth. seems to be many obstacles on this one
SPCE trade ideas
Virgin Galactic AnalysisI’ve uploaded a previous idea but I can’t figure out how to edit or remove it, so I’m uploading a revised version.
Virgin Galactic has a history of large price
spikes leading up to significant flights.
In February, anticipation for the SpaceShipTwo
test flight corresponded to a 170% increase in
price from January lows. This price action was
preceded by a bullish break above Ichimoku
Conversion and Base lines, a golden cross on
the MACD, and a significant bollinger_band
compression (all on the 10 timeframe).
In July, anticipation for Richard Branson's
flight corresponded to a 300% increase from
May lows. This price action was preceded by
similar bullish breaks as the February run up.
The upcoming Unity 23 flight was
unfortunately delayed, pushed from late
September - early October to around mid
October due to possible component issues
and an FAA inquiry. However, should these
issues be cleared up, we may expect a
massive run to begin soon leading up to the
mid October flight.
We have solid support at $24, but the current
price region of $25 is an adequate region to
start accumulating. Below this, we have a gap fill at $21 and at $17. If you're waiting for a clear
bullish signal, you can wait for news about
SPCE's next flight to come out. I expect a
massive spike whenever Virgin Galactic clears up their component investigation or the FAA
situation. Good news like this can easily
deafen the overall market trend, sending this
stock into space. Other notable examples of
recent stocks that have defied the S&P 500
pullback include UBER and LCID.
So far, SPCE managed to break above several down trends (originating from the July peak). The bollinger bands are in a relatively compressed state, suggesting movement in the near future. Bullish indicators include a golden cross on the MACD and a break above the blue ichimoku conversion line. Stochastics are heading up to the overbought region while the RSI is near neutral, angling itself upward.
Price target at around the $30 gap fill. If we break past this, then $50, in accordance with
the resistance trend line formed by the
previous two peaks in February and July.
Virgin Galactic and CatalystsVirgin Galactic has a history of large price spikes leading up to significant flights.
In February, anticipation for the SpaceShipTwo test flight corresponded to a 170% increase in price from January lows. This price action was preceded by a bullish break above Ichimoku Conversion and Base lines, a golden cross on the MACD, and a significant bollinger band compression (all on the 1D timeframe).
In July, anticipation for Richard Branson’s flight corresponded to a 300% increase from May lows. This price action was preceded by similar bullish breaks as the February run up.
The upcoming Unity 23 flight was unfortunately delayed, pushed from late September - early October to around mid October due to possible component issues and an FAA inquiry. However, should these issues be cleared up, we may expect a massive run to begin soon leading up to the mid October flight.
We have solid support at $24, but the current price region of $25 is an adequate region to start accumulating. If you’re waiting for a clear bullish signal, you can wait for news about SPCE’s next flight to come out. I expect a massive spike whenever Virgin Galactic clears up their component investigation or the FAA situation. Good news like this can easily deafen the overall market trend, sending this stock into space. Other notable examples of recent stocks that have defied the S&P 500 pullback include UBER and LCID.
Price target at around $50, in accordance with the resistance trend line formed by the previous two peaks in February and July.
Space Been posting about SPCE for a while. Calling for this 24$ area holding as support. As it’s long term support line that broke one and dropped us to 16$ however I didn’t feel we would break this time. Throughout all this correction the market is currently undergoing… we still are holding it. We actually had a breakout of this potential falling wedge and a backtest. This would mean when this correction is over spce should see some decent upside. I’ve been looking for 35$ at least here for months. We still need to reclaim the 27$ range we failed last time we came up here but it is looking like a decent setup. I’m still in my postions with an averge of 24$ Watching closely
SPCETwo line options. Red is the alternative. It would be interesting to read your comments on which one is more truthful. The main problem in determining that it was a 5th wave movement or abc of w
Why i expect SPCE to fall again ?Why i expect SPCE to fall again ? Under $20
SPCE go up only when we fly, and apparently we are not going to fly soon.
Bad News
- FAA Don't allow anymore any flight until investigation end
- Major Technical issue is investigated with a supplier (needed for reentry in atmosphere)
- Flight postoned, but it will postoned again from previous reason
- High wind deviation in November (Flight window limited)
- Possibility to liquidate shares again
- Virgin Galactic is very prudent, if there is any doubt they don't fly, because they already had a accident in the past.
Good News
- November Q3 results
My Forecast is Under $20 from now to November
When all the bad news are gone, its time to invest again !
SPCE - Bottom is In?The bottom may be in for Virgin Galactic (SPCE). As you can see, SPCE has bounced from this trend line 5 other times in the past. There was one instance where it broke beneath this line with force but the catalyst was based on false news (rumor that flights were grounded until 2022).
For investors and traders alike, this may be a great entry. There is still a possibility that we may drop as low as the red line, but as you can see, the purple line that it's currently resting on is much more influential.
FAA Investigation and Commercial Mission for Italian AirforceSPCE switched from vertical growth and fall to sideways accumulation. SPCE tends to grow massively on News, yet fall in the absence of any. It's probably due to the emotional bond to space research many people & investors have and all of us want to see SPCE succeed.
Their main advantage is efficiency. The plane-like runway take-off burns less fuel, so does the feather-like descend. SpaceX, Blue Origin, and other potential competitors use rockets with a vertical start. A disadvantage is that they only approach close to space without getting actually there.
My first two analyses on this stock were turned out to be incorrect as I expected FOMO to be bigger after I saw what happened to GameStop. A third one expected a drop to high liquidity and a sideways action until a significant event takes place. A temporary bottom was created according to the expectations. A last one marked area of liquidity where we are right now.
Today, I would like to mention two events that might influence price but are unlikely to be anywhere close to Richar Branson's personal approach to the border between Earth & Space.
CNN: Richard Branson's flight to edge of space is being investigated by the FAA (Sep 2)
Apparently, the ship was knocked off-course during the parade and Federal Aviation Administration didn't like the red lights in the pilot's cabin either. The course was corrected quickly after realizing that.
It's one of the disadvantages of flying planes as opposed to rockets which would get less influenced by the upper atmosphere winds. I think FAA won't stay in the way of progress and it's probably nothing serious. If they didn't figure it out, Branson wouldn't join the crew in the first place. Also, I don't see FAA staying in a way of the progress of the most fuel-efficient company in this field.
Virgin Galactic: Virgin Galactic Announces First Commercial Research Mission (Sep 2)
And I thought that's what Virgin Orbit is for. Anyway, it's a mission from the Italian air force and the goal is to measure bodily functions such as heart rate.
Why neither positive FAA investigation outcome nor success in the research mission shall bring comparable rally? Neither is as exciting as the company founder flying to space himself. They have already proven, they can do it. Lastly, the public stream is what attracted so much attention to their previous event.
SPCE should return and exceed its previous highs but not until they start putting tourists on board. Hearing some of Branson's ambitious plans, I expect him to release even more shares to raise the company's capital by then like he did last time. It's best to invest now and take profit before a company decides to start building new ports everywhere .
Virgin Galactic ready to deep downWell, it seems that SPCE ready to dump near 16-18$ within 1 month... I don't see more than 30$ within near future :(
May be I wrong :)
It's time for next trip to moonI am adding some of this ticker in portfolio. Consolidating at really strong support level and i think the next wave is going to make it a new ATH.
SPCE Something's Up...My dowsing keeps picking this stock out of a list with over a hundred names, as well as off a shorter list I have.
Something is up. I'm getting that tomorrow, or in the next 2 days, there's going to be some kind of news that blasts this thing off.
After it goes up it's going to fall back to earth (haha) and perhaps, take out prior lows, so it could be great on both sides. I'm expecting a move up around 20%
Space!!! Such a great long-term investment! should be past $100 in a couple of years. Aiming for $20 short-term. We won’t see these cheap prices for long
$SPCE Analysis & Key Levels$SPCE Analysis & Key Levels
I have WAY too many positions to be able to update on … So I’m just going to start posting the most recent support and key levels and my personal directional assumption… Do with it what you wish…
I am not your financial advisor, but I will happily answer questions to the best of my ability but ultimately the risk is on you.
Red = Key levels
Green = resistance
Blue = trendlines
Have fun, y’all!!
Virgin Galactic: How things are lookingfrom a technical scale this looks like a falling wedge that if broken to the downside could reach critical support level of $15 and creates a demand zone for those looking to getting cheap option calls on the derivatives market. There is also the possibility of this breaking out of the wedge and finding its way into a new supply zone of traders or market makers.
at any rate i will be buying more calls on the way down if the opportunity arises
SPCE: Gap fill alert to the downsideSPCE: Gap fill alert to the downside. Continuation from yesterday's selling pressure.
SPACE - $SPCE Ready For TakeoffGoing with an aggressive approach on this one, but $SPCE looks ready for liftoff at the moment. Currently have the stoploss set at 10%, but if we drop 5% from the current levels we're looking at picking up more. Looking for a +50% on this on this one if we can break through $30 level. We've been stacking between the $23-$27 range. Going with pure TA on this one and haven't really focused on any fundamentals at the moment. If we can break a 15-20% return we'll adjust our stoploss to secure profits.
Cheers!
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SPCE - 4H :: W Format This space travel company builds advanced air and space vehicles and aims to provide spaceflight services for private individuals and researchers. Much like the rocket that took Virgin Galactic's founder Richard Branson to the edge of space, the company's stock shot higher in July but has since come down. Shares trade for around $31 per share, well off their July peak of more than $50. As exciting as its rocket planes are, consider that the company has no revenue and is operating at a loss. That's often the case with many young companies and isn't necessarily a bad thing, and the company narrowed its loss substantially in the first quarter. But investors do have to balance the excitement of a story stock with the likelihood of it eventually earning money. Still, if the stock can reach $52 on a relatively early stage flight, there could be potentially significant upside if the company's plans really do take off, making it one of the top space stocks in the market.
TP1 - $38
TP2 - $62
$SPCE news$SPCE partnership with commercial research mission. Engulfing candle. Initiated a position
SPACE, gapsAfter the clear sell the news event, it dropped down and still has 2 gaps lingering to get filled overtime.e
SPCE going to space?Massive daily falling wedge on SPCE,
$27.50 is a strong resistance, a close above that level could trigger a move higher towards $30 which is another strong resistance and pivot price.
Above $30 we have $35.50 > $38.80 and $41.80
SPCE: When is the break out?Here we have a trading channel and two outer boundaries that act as support and resistance. Currently we are within our channel, and just above a support line. If it breaks, we should see 16.5 and if it bounce as shown in the chart, we will see 72 in September.
