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

Virgin Galactic Holdings Inc (Extended Hours)

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SPCE trade ideas

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