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SPCE trade ideas

My outlook for SPCE 🚀 and ARKX 🚀SPCE earrings are in 31 days. I expect to see further upside especially with the ARKX ETF inclusion. The pattern recognized here is a running flat Elliott correction wave. I don't see an entry point for calls. What I'm looking for is a lower degree correction similar to the one found on NAS100. I'm waiting for the options chain in ARKX so I can engage in some covered calls and cash secured puts for additional monthly income. If you like what you see why not support us? 👇
NYSE:SPCELong
by jeromepower
1
SPCE newsThe first powered test from Spaceport America was scheduled for December but computer trouble caused by electromagnetic interference prevented the spaceship’s rocket from firing properly. The test was rescheduled for February but then scrapped as the team continued working on the interference issue. Colglazier said the flight now is scheduled for May. Fundamentals: Whenever a new test flight was announced, the NYSE:SPCE price increased. Technical Analysis: MACD crossing, we can see reflection from the support and overcoming resistance
NYSE:SPCELong
by michalbeca1
2
SPCE - LONG - PRICE TARGET 31.72 - 32.75LONG POSITION ENTERED AT $30.70 SPCE: Lots of technical confluence present in the 30m chart of SPCE. As you can tell in the chart, there is a big fat double-top which seems to have failed. This is your classic example of "what should happen, doesn't." (Peter Reznicek). This seems to be a common theme with SPCE latley, as you can see you had two previous 30m candle break below the trendline but price still continued upwards. When this occurs you should prepare to the exact opposite of what should've happened, in this case go long as the price should of went lower. In a solid double top, you should see the price break below on the second touch of the neckline. This is not the case as it broke out of a 30m balance zone to the upside, while also bouncing off the trendline indicating a bullish trend continuation. RSI is continuing upward. Also looks like you have people loading up long last minute with large volume on the last 30m of the day. There's really two options here: The double top has failed, continues upward to form a triple top(more likely IMO), or it breaks all the way up to the top of the trendline. The only objection I have to the triple top is the volume profile shows that price has not stayed around that range for a long duration and it's possible it'lI gap up right past it Monday morning to get closer to the Point of Control. If a gap-up above 31.70 doesnt occur Monday, I plan on taking profits at the 31.70 mark as the price will likely quickly reverse if it does form a triple top. I will re-enter if the triple top fails at the 31.70 mark and set my stop slightly under and target the upper trendline at $32.75. Thank you for your time, for the sake of increasing my own personal knowledge, while also sharing what i've learned so far, you can look forward to more of my technical analysis in the future. Weekends will be the days I will publish. I would like harsh criticism from any fellow traders, especially more experienced ones. Feel free to give me your thoughts. Thanks and have a happy Easter!!
NYSE:SPCELong
by GeneticHustle
4
Virgin Galactic, will it do it again? It usually bounces between 60 and 170 percent, previously it has respected the buy and sell signals of the squeeze momentum indicator, if repeated it could return to a minimum of 40 dollars and a maximum to the range of 50-60 during the next quarter. It has a strong support around $23 and a significant resistance at $35, if it passes it, we should expect a greater rise. And in the other case, if it breaks the support, the next bottom is at 20 dollars, more than that it is practically impossible for it to fall. NYSE:SPCE
NYSE:SPCELong
by amateur_trad3r
SPCE: Is there a light at the end of this tunnel? I think so! at least partially. Based on my previous analysis, and I still think that SPCE will go further down before it goes back up by their next test flight date on May 21st. That makes the 2nd scenario (blue line) more likely especially since we've been going through a period of consolidation under 200 MA making (bearish trend), and there is a gap to be filled (see the white boxes). This is my 2nd scenario because I don't like to see SPCE breaking under the green trendline and get crushed (temporarily!). The first scenario is preferable in the short term because it would break out of the head-and-shoulder pattern but then would go to make a double top, which is another bearish signal. In that case, it should break below the green trend line and test the red one down below. This scenario also makes sense because growth stocks like this are under pressure of yields going up to 2% by the summer, and the fact that we are in a bearish market, at least in this sector. At the end of both scenarios, SPCE should go up before the test flight. That's what has happened in the past, and is expected to happen by May. But the problem is that I don't think it would hit the previous ATH because they've been canceling flights way too often and the management has lost investors' confidence in their stock. Not to mention Chamath has cashed out! But, there is a chance for SPCE to reach ATH and surpass it if the flight is successful or this ticker will fall down into the gutter! So what to do now? I am going to wait and see where this accumulation (blue MACD box) is taking us. Is it going to break below the green line or it starts to follow the first scenario? In either case, do your own research and don't make any decision based on this analysis. The stock market is unpredictable and whoever says it's not is either an idiot or is lying. I'm not a financial expert and this is not trading advice. P.S. I've seen people drawing inverted cup and handle patterns and say after the handle is formed this will go up! but... surprise! an inverted cup and handle is a bearish pattern (look it up!) and if the handle is formed, my 1st scenario is confirmed. Thanks,
NYSE:SPCE
by MarkitMaven
1
Virgin GalacticMission: 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. Recent News: 1. Virgin Galactic today unveiled the Company’s first Spaceship III in its growing fleet, VSS Imagine. The spaceship showcases Virgin Galactic’s innovation in design and astronaut experience. Imagine also demonstrates progress toward efficient design and production, as Virgin Galactic works to scale the business for the long-term. VSS Imagine will commence ground testing, with glide flights planned for this summer from Spaceport America in New Mexico. 2. VSS Imagine will commence ground testing, with glide flights this summer Breakthrough livery design allows Imagine to mirror the surrounding environment as it moves from Earth to Space Manufacturing ramps up on next SpaceShip III in the fleet, VSS Inspire 3. Land Rover has announced a three-year extension to its global partnership with Virgin Galactic, the world’s first commercial ‘spaceline’. Virgin Galactic’s latest spaceship was unveiled today, supported by a Range Rover Astronaut Edition. Land Rover will remain an integrated part of Virgin Galactic’s day-to-day operations as the company completes test flights with ‘SpaceShipTwo’ and begins a regular commercial service. Land Rover vehicles are part of daily life for the Virgin Galactic team, with roles which include towing the space vehicles, carrying equipment and clearing runways before take-off. They played key roles during the company’s first two spaceflights which saw Virgin Galactic become the first private company to fly humans to space on a spaceship designed for commercial service. A fleet of Land Rovers also supported Virgin Galactic’s relocation from its manufacturing and test facilities in Mojave, California, to Spaceport America in New Mexico – the world’s first purpose-built commercial spaceport. What do you think? Like Follow Agree Disagree!
NYSE:SPCELong
by Redimere_91
2