Get started
Virgin Galactic Holdings Inc (Extended Hours)Virgin Galactic Holdings Inc (Extended Hours)Virgin Galactic Holdings Inc (Extended Hours)

Virgin Galactic Holdings Inc (Extended Hours)

No trades
See on Supercharts
Overview News
Ideas
Discussions Seasonals

SPCE trade ideas

$33+ Price target for April 1 2020, and how to play itYou could argue that the cup and handle semi-formed in the early hours of Thursday, March 25 - and if so, it is time to look forward to a bright future with Virgin. At apx 11:00 EST Thursday, March 25, the 20 SMA crossed back over the 50 SMA on the 5-minute intraday chart, giving a strong BUY signal, and the charts/markets obeyed. How do we play this? Look to positive reactions to SS3 release, ARKX rumors, and a future May Launch. WARNING. SPACEX may have had a failed launch the early morning of Friday March 26, and while $SPCE is NOT SPACEX, there is a magical tie between the two and price action. You may want to time your entries after the market reacts ( buy the dip if there is one). Best case, it cools off $SPCE just enough to find a nice discount. What play I'll look to get into: Let's play the SS3 with 1 APR 21 $30 Strike Calls, paying less than $1.25 if possible. Use the gains and let it roll into another call (TBD) for post-launch after May.
NYSE:SPCELong
by Cow_
5
Is this the bottom? Dear Traders, Last time I posted on SPCE, I mentioned that the price is going through a correction following Elliot 4th wave and today we can see we have hit the bottom of wave with a strong price rejection at 38.40 near 50 MA. This could be a confirmation that we are at the bottom of the wave and should start wave 5 tomorrow but we might get even closer to 50MA before we go back up. As you may know, if we touch 35.40, then this is not an Elliot wave and this predication shall be dismissed. However, if we reverse this downward trend before hitting the redline, the 5th wave should start to form and we should see 70 around late March. Of course, market does whatever it likes and these prediction might not mean anything but should give us a clue while we keep an eye out for SPCE price action. Also this is not a financial advice and I'm not a financial expert. If you enjoy this analysis please give me a thumbs up and leave a comment. This will motivate me to keep going! Thank you AH
NYSE:SPCE
by MarkitMaven
Looking to complete the Inverse Cup and Handle formation by EOWLooking for a dip this week with JPOW's week of talks, interviews, and another week of no news from Virgin Galactic PR. If this inverse cup and handle is going to complete this week, I see it touching $26 and fast. Even with a possible slight push up from "dumb money" on Monday morning, the sooner it touches $26 this week, the sooner we have a chance for it to hit $24 and below before reacting to Spaceship 3 news next Thursday 3/31/21. The unveiling of SS3 will not be a portfolio saver, $SPCE as a company has lots to prove. If Virgin announces an official launch window target, that should be enough to take this ticker from the ground and back toward $55 by the end of May assuming no further delays and a successful test flight. Regardless if $SPCE hits any sub $30 number this week, all profits from any short positions should be invested into a long strategy such as Jan 21 22 $125 strike calls with profit-taking/adjustment around post-test flight 6/1/21~8/31/21, and I'll be looking for $65-75 underlying targets with consideration to hold if there is any indication of this hitting $100/share.
NYSE:SPCEShort
by Cow_
Buy $SPCE - NRPicks 07 Mar Virgin Galactic Holdings, Inc. is an integrated aerospace company, developing human spaceflight for individuals and researchers in the United States. It also manufactures aerial and space vehicles. The company's spacecraft operations include commercial human spaceflight, commercial flight research, and space development payloads. The company came close to losing all its 2021 profits in the last few weeks, attributed to the overall market decline and to investor Chamath Palihapitiya making official a sale of 6.2M of Virgin shares. Possible sustainable rebound in MA200 Technical: MACD Level (12, 26) 5.76 Bounce over MA200 Price below MA50 RSI 36.02 Oversold
NYSE:SPCELong
by NewroadTrader