SPCE update Spce has a little more to drop looking for a bounce at 22.68 was to focused on my minor count in my previous charts, under 21.35 I would cut short term options but good area to add long term shares. Spce is a great company and has potential to run over ATH but this is al on speculation next space launch date is announced early next year. Keep in mind this could really mean we wont get a launch till mid or late 2021. But If history repeats we will run. Take a look at the last time Spce was at 20 and announced launch date
SPCE trade ideas
$SPCE Aspirational Bull Count$SPCE is a little too young to start calling cycles and primaries, but based on the data we have so far, there is some indication that we're in a primary 3 with significant upside. I'm bargain hunting for a few long dated OTM calls. This feels like more of a flier than a sound investment, though.
SPCE load shares and leapsSPCE after a failed launch and Chairman selling millions of shares, SPCE is back at a good price to buy. The chairman still has good faith in the future and is committed to the company. We could see next space launch early next year and if we run up the way it did last time, SPCE will be back at ATH again.
Support: 24.30, 19.78
Resistance: 27.55, 32.04
SPCE Possible ReversalSPCE showing signs of a possible reversal. Gathering/consolidating support along a previous significant resistance level. Volume has typically tapered lower during downtrend which we currently see. High risk play entering right now, I'd like to see more confirmation first before entering (RSI divergence along lows or break of pinbar printed on 11/30.
Heavy eyes on the 1/15/21 $25c and $30c. Volume seems to be focused there.
Leave a comment to discuss!!!
Replay of Short $SPCE trade - News TriggerWanted to hone in my skills to trade pre-market with news of public listed company. Especially price action weak companies where the bear action would be quicker than the rest.
This would act as a hedge for my long portfolio as well.
The news that I got from my notification was the filing of S-3 of 100m+ shares readied to be sold by existing shareholders + 8m of warrants to be further issued to the market (Though, post-facto I found out that it was just a conversion of S-1 to S-3 from Twitter but I was already in the trade and wanted to follow the plan in contrast to my short $IQ trade where I was a scaredy cat.
So news notification came in and I shorted pre-market at $24.00 (LMT order) and the price fell downwards to $22.80 at one point and I was feeling HIGH on the fast and furious downward ride.
Market open and the price was shooting up, it affected my Friday night mode and entire night I was looking at the chart. Which on hindsight, I should have set a stop-loss of $26 which would save my mood from crumbling when I looked at the 1m chart. Scary AF.
But the trade is now working out and I see the possibility of it falling to $20 using EMA 200 as a dynamic support and perhaps falling even deeper to 14-17 range.
Who knows. Hang on tight.
[SPCE] Lookin a Lot Like a SpaceX ROCKET Right Now!Aaaaaaaand that ladies and gentlemen is why you exit FOMO stocks at the top, I shed 50% in total averaging ~$33 over 4 cashouts.
If this touches down on green and especially dotted line, you can bet I'll be loadin up again B).
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