few more days for a clear picturethe stock price closed by touching to the top of the descending trend line. this week will be a strong indicator for a new bullish trend. this is my first analysis so please dont take it serious.
SPCE trade ideas
BofA Securities Upgrade to buyPCE shares trending higher on monday after BofA Securities upgraded to buy and target price at $35.
Analysts at Susquehanna gave a ‘positive’ rating, with a US$20 share price target.
In the past Virgin Galactic also been rated ‘buy’, or the equivalent, by banks including Morgan Stanley, Credit Suisse, UBS and Cowen.
2 strong reasons Virgin Galactic share price will explode in the future:
-BIG latent demand for space tourism in the future.
-Innovator of space technology with a truly unique offering.
- Long-distance commercial aviation routes: Virgin Galactic is planning to join a new era of commercial supersonic aircraft from 2023.
SPCE - Touched the trend lineMACD is about to cross over the zero line.
(Pseudo) Divergence between the price and MACD (+ Momentum).
First resistance: $21
SPCE Virgin Galactic Holdings supports & resistancesSPCE - Positive news from Susquehanna & Bank of America analysts with a target of $20-$35 a share sent SPCE sky rocketing +25% today 9/28. I’m sharing my Virgin Galactic Holdings, supports & resistances chart that I already had saved for a few months now. A word of advice, from experience with SPCE, if you’re long shares get a protective Put or set a double digit trailing stop loss %. And if you’re playing options, don’t go naked whether you’re bullish or bearish, hedge put & call contract ratios, expiration dates, strike prices, etc, to fit your forecast. This can be a very rewarding trade this week, but it doesn’t come without significant risk...
SPCE - Watching for a reaction to the 1.618 Circlein this experimental design price did appear to curve with the .618 fib circle - looking to fade the move if we see market consolidation, a gap-up would provide the best risk/reward
Massive BreakoutMassive breakout on the weekly chart, the stock could double on hype by the time test flights for FAA approval are scheduled (22nd of October) if volume remains consistent
SPCE To the Moon or Fake Out Breakout?Will SPCE make it to the moon or is it another fake out breakout???? In analyzing the 2 hour time chart for SPCE you can see that it is teetering the oversold area yet the MACD is still in a bullish uptrend with no sign of change in the trend so that is promising for SPCE. If the bulls can push this past prior resistance of 21.70, SPCE will certainly head in the direction it is intended to go... straight to the moon. If the bears sneak in and steal the spotlight, fake out breakout. Since March 23 (COVID fear) SPCE has been trading in a rather large spread of 14.51 to 21.70 only breaking resistance shortly from July 16-Aug 4. With fear of the second wave of COVID-19, let's hope SPCE can prove this is a COVID proof business model. Space travel is a reality and is only in the beginning stages but once the first flight goes, I feel this stock will be unstoppable. Gravity proof with no bear able to drag it down.
Nice breakoutI would wait for a backtest to get in.
I used pivot points and fib levels to determine the support and resistance levels.
Short itGoing to test 15 again, if succeed we can go vert low. Still bearish. For now in order to go bullish we need to close above 16.5
Are we finally heading up?This has been going dwn for a while... no volume as of late because no news as of late....
sleepong giant?
