SPCE trade ideas
SPCE, strong in a weak market We have seen another weak market day. SPCE broke a few support lines and boxed, just like everything else in the high-tech market, with a difference that SPCE was not over-extended from last year anyways. It was strong today online most Tech tickers. There are immediate supports of 25 and 20 and then a very strong one around 15-19. Unless some big market crashes happen, I do not think we gonna see those levels. If the market gets a bit stable, you can easily long this with a price target of 30-40 in short term and 60+ by the end of the year.
So Far the bounce off of the 200 MA is holding...
I believe in SPCE stock, so even if the 200 MA doesn't hold, I think my position at $27 is a great deal!
SPCE bouncing off 21W MA? Virgin galactic may be bouncing off the 21 week moving average. RSI reset in this correction. Looking for a reversal. Not financial advice. DYOR.
Virgin Galactic - SPCE - Chamath concede that Elon is the GOAT ?Virgin Galactic - SPCE - Does Chamath concede that Elon is the GOAT tech travel? Ever since SpaceX announced an all-civilian flight, Chamath has been 'Adjusting his liquidity profile' and selling his interest in Virgin Galactic. Virgin Galactic has been working toward civilian space flight but SpaceX is poised to do this with ease. SpaceX has already successfully completed NASA missions and Starlink launches. Seems like Virgin Galactic has been beaten at their own game. Can Virgin Galactic recover and compete? Well Chamath may not think so at this point? If SpaceX or Starlink go public(or private offering) I am sure many investors would want to have some 'dry powder' to take advantage of such a situation. Just food for thought - Not Financial Advice.
Its over Chamath leaves party so it's a wrap... Nothing more to say unless Cathie Woods steps in and says she's buying.
It could be the bottom for the entire marketJumia, 3D Systems, Fubo, Skillz, Virgin Galactic, Plug Power, Nio, Jinko Solar, Xpeng, Li Auto, Momo, Pinterest, Beyond Meat, Peloton, Tesla, Square, etc. Some of them have lost more than 50 percent since the peak of February. It seems they all touched the bottom this morning.
Notice how they move in unison despite belonging to different sectors, the same could happen in the recovery.
NYSE:JMIA
NYSE:DDD
NYSE:FUBO
NYSE:SKLZ
NYSE:SPCE
NASDAQ:PLUG
NYSE:NIO
NYSE:JKS
NYSE:XPEV
NASDAQ:LI
NASDAQ:MOMO
BMV:PINS
NASDAQ:BYND
NASDAQ:PTON
NASDAQ:TSLA
NYSE:SQ
200 MA... Strong Support?
As long as the 200 MA support holds, I see a clear long position for SPCE.
SPCE - Back to EarthNo test flights in two years, this stock has been built on hype and 0% rates.
This stock will grind lower until the May test flight (if successful).
SPCE Long- Catching the Falling KnifeSPCE has gotten destroyed after the announcement that their first test flight is to be pushed back until May. Despite this massive downturn I want to buy the dip and hold through April and maybe May. One of the imminent risks with any aircraft stock is the potential of failure. This would likely cause even more selling of the stock. In part this is why I like the swing trade to April. It will give time for the market as a whole to recover as well as the individual stock. My target for this stock is $43.98 by April 20th.
$SPCE Areas of interest A couple bounce spots on space im watching, it could bounce here off 618, i think market dips again though to lower level and structure
SPCE: Good entry hereLooks like we are at support with harder support around 20 dollars. I don't think its a bad entry
Broke Below The 100 MA... 200 MA Next?
I'm looking for some support at the 200 MA on the daily chart before longing this. Today it broke below the 100 MA quite fast, so this is either a great short term shorting opportunity, or wait for some support before longing it. I would stay plugged in to the news about the future flights. Good news could solidify it's support at or around the 200 MA.
At the Bottom, Get the Dip! $SPCERight now, Virgin Galactic looks to be at the bottom and this seems to be a great buy/dip opportunity. Support levels just need to be picked up for a short squeeze. That said, please do your own due diligence and invest at your own risk. Everything I say is on an opinion based basis.
SPCE SpiralPrice begins to loop at times providing a spiraling effect; in this instance as SPCE consolidates. All eyes on the Senate.
Virgin Galactic to the moon! Literally!Virgin Galactic to the moon! Literally!
Virgin Galactic responds to Full Moons!
Mass Market Overreaction, Buy the DipI believe that $SPCE is at a heavily oversold territory. Overall I am quite bullish on a positive future for Virgin Galactic and think that once sentiment picks up, this can go back to garnishing momentum. That said, invest at your own risk and do your own due diligence. Everything I say is on an opinion based basis.
SPCE up and downs before next test flight - LongI've been looking at the historical data for SPCE around test flight windows and It history was to repeat itself we could have similar hype and spikes leading up to and after the test fight (providing it's successful)
When the test flight failed it fell 30% and stayed around the $24 price before then rocketing up 137% to $62
Since the news of the test flight being postponed it’s already dropped 33% to around $34 I can see it bouncing around the $32-34 price for around a month and then I can see it going up when the test flight window gets closer.
Then I can see test flight build up taking us to around $52 and if successful I think it should push to $90!
Added to #SPCE position Average 42.62 Target 51.38 for 20.55%Added here to #SPCE position Average 42.62 Target 51.38 for 20.55%
Next place to add will be 33.86
