BTC overlay on SPCEBTC overlay on SPCE...
not saying this will playout.. just saying i noticed this shape this summer on BTC and now seeing it on SPCE again
SPCE trade ideas
$SPCE Big catalyst friday, 11/12 29C @1,40$ @SPCE
- 29,57$ is the resistance in the intraday.
- With a big catalyst coming up on friday, volume will be at rendez-vous we'll see.
- 1st entry : a break above that previous fractals at 29,22$
- Safe entry : 29,60$ break
- Afetermarket : 28,90$ up .56%
- Looking at 11/12 29C @1,40$
- SL at ,40$
This could be a chicken dinner for early christmas.
- Cloas above MA20 (bullish)
Potential breakout in SPCESPCE is also ready to make a move. Let's see if the market support the direction
ascending triangle, double bottom - two scenariossee arrows. long either way with dec 5 falcon 9 launch.
Nice resistance not enoughWe are trailing right under VWAP but nearing the breaking point of the resistance I dont know if they can resist one more day below $30
SPCE: ALL SUPPORTS AND RESISTANCESNYSE:SPCE
Here is the chart showing all Fibonacci levels .
What now?
Three different scenarios:
-1. consolidation at the current level, and bullish continuation to 40 in a few days.
-2. Immediate bullish continuation.
-3. We pull back to retest the orange line.
From a technical point of view, my opinion is that we will retest the orange line before going higher.
From a fundamental perspective, December is a bullish month for stocks and SPCE could announce the date of its test flight very soon, which would send the stock to the moon.
What's your favorite scenario?
SPCEField Goal Pattern;
Don't like to use it at the highs but I'll give it a shot, it wants to test the highs looks like!
Let's see if we can score....; )
Buy The Dip - SPCE Delayed flight due to "Covid" presents another buying opportunity for SPCE, one of my favorite tickers to swing. I'm looking at another entry around 19.5 - 19.3 and should it break down past that, I'd look to buy more in the $17 range.
Currently no position but keeping cash on the sidelines for this and a few other plays in the near term.
With the positive news regarding vaccines - I'm just waiting for Covid Cases to subside slightly (may not happen soon) to give me a little more confidence NM pulls back on some of the restrictions.
Have a feeling we are going to see a dip / trade sideways for a little but the intrinsic value I believe SPCE holds is something that shouldn't go unnoticed.
GLTA
SPCE Life is probably better in Space...The wealthy Might need to go to space to make up for all the traveling they missed can't see this doing bad even in a economic downturn the rich have even more money now then before Covid. Like The Cup and Hope for A consolidation Reset to Form handle Then Break with Enough Power to get Through the Resistance on volume.. Depth of cup is about 7.50 so look for a move up to the 30's
SPCEAll price levels are algo targets. Expect a reaction at every one of those.
Green= Buy, possible dip target to reenter long
Red= Sell, dip expected at those regions
White= Has to break to confirm following price target
Arrows do not represent the time accurately.
