Bought SPCE @ $20 Per Share- 66% drop in price
- Trent line
- Key level of support
- Buy low, sell high
4SPCE trade ideas
Buy $SPCE - NRPicks 30 AbrVirgin Galactic Holdings, Inc. is an aerospace company that develops space flights for individuals and researchers in the United States. It also manufactures air and space vehicles. The company's operations include commercial flights, research and development payloads in space.
SPCE is a very volatile and speculative company that is coming off a setback since February of approximately 67%. The strategy pursues a report of results from fair to good and a rotation in the market towards this type of companies.
- RSI oversold
- 12% below MA50
ADDED to $SPCE New Target 41.48 for 30.07% $SPCE Target 41.48 for 30.07%
Or next add level is at (anywhere around here is a great add.
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On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
I start every position with 1% of my account and build from there as needed and as possible.
I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
SPCE - moving higher - swing calls - low riskRead chart notes. After a long move down price may be ready to move up again.
Looking for 30m candle close over 22.60 to create a higher high close.
Multiple stop losses can be set: below 22.30, below 22.10, and option percent down.
[SPCE] Great Value Earnings & Next Flight Swing PlayAt fantastic value ahead of two big May events earnings and (possibly) first successful flight, look out as Price starts breaking up through each fractal for increasingly confident confirmation.
OG Idea
SPCE PlanSPCE formed a very obvious head and shoulders pattern with a clear close below the neckline. At this moment, a red hollow candle has formed, indicating a bounce is near.
Given that RSI is oversold, I expect the bounce to happen tomorrow. If the neckline is retested and price is still closed below, then that would signal the time to reload on puts.
Watching closely for solid support for next up trendWaiting for SPCE to establish solid support. If current price can't hold 14$ range is probably where we can buy. Pt 40$ Long.
$SPCE - Retest | April 20, 2021$SPCE broke down the weekly up trend line. Before continuing the decline, a retest is normal. Looking for a short term long play to $26 before shorting down to the teens.
Virgin Galactic looking for a huge move? But which direction? With a possible head and shoulders pattern in the charts we could see a huge move down in price!
On the other hand, for about a month now I see a alright triangle forming for a possible leg higher!
So in conclusion I'm going to try an options strangle for a possible break out either way!
SPCE ship is broken, trying to find ground to land on!SPCE lost trend line support and currently barely holding on to price line support. If any day it breaks that support, next support price levels 20.40, 19.90, 16.40 are as marked. A close above 27.60 could mean bulls are getting back.
SPCE Analysis $SPCE | #Analysis | #StockMarket
Price Target 28.35 🎯
Simple ABC Correction ✅
Matching Closes on Dynamic Support ✅
Entered into Demand with Bullish Divergence ✅
Potential Island Bottom Reversal on 1hr ✅
Entry on Break of 25 with Confirmation ✅
Invalidated below 22.31 ❌
SPCE, OVERSOLD!Hello fellow traders and investors, here's a trade idea on SPCE.
SPCE has recently pulled back to the common support area. If SPCE makes a recovery to the 1st TP it offers a 50% ROI and if it makes a recovery to the 2nd TP it offers a 150% ROI.
Technicals:
The Macd indicates that SPCE is oversold and now in a downtrend
The RSI is oversold
The volume looks like the selling pressure is getting exhausted and we might see an ascending buying pressure.
It could also be an H&S but with the tight entry, the downside potential is relatively small.
When To Buy:
When the Macd is in an uptrend and when the volume gets some ascending buying pressure
When To Sell:
I recommend selling at the first take profit if it's having trouble breaking out. For example, if it tests the first TP and heads any lower than 28$ then close your position however if it stays above and breaks the first TP hold till the second one and immediately close your position since we usually see low volume when it's about to reverse to the downside.
Fundamentals: They aren't an established company yet and have less than a million dollars in sales so if you have no problem with companies like so then feel free to add it to your watchlist.
Rating (On technicals): 80/100 the technicals look pretty good and the ROI potential is definitely there however make sure to buy when you see an indication of a reversal since it could easily break below the support area because of the H&S pattern. Make sure to use risk management since this is a relatively volatile stock.
I hope you enjoyed this quick analysis and many more to come.
If you enjoyed leave a like, follow and comment your thoughts.
Thanks
$SPCE super oversoldSPCE looks amazing. Super oversold followed by major volume on the drop. $22.80 is main support, as long as we hold that then i'll be looking to take this thing back up to the gap at $26.42.
SPCE 15min:
SPCE 4hr:
$SPCE A Deep Dive Into Virgin Galactic.
Within this analysis hopefully we will help you by showing the significance of the following analysis strategies =
- Most Important is the Candle itself.
- Volume, which is often overlooked.
- Pivot Points
- Support and Resistance levels.
- Moving Averages (MA & EMA)
- Time
- Supply and Demand
- Point Of Control (poc)
Chart 1=30mins
This gives us a great insight into the importance of the Moving Averages and the Significance that breaking this support had on the stock of SPCE.
Once the 50ma on the weekly was broken we see that the volume spiked as this is seen as a very negative trend break, the 50MA was support on multiple occasions but
that was during a bull run for the stock, within this downtrend losing that support opened the trap door and capitulation volume occurred.
Support was found on the Volume Shelf (node) you will see on the weekly chart how it was identified.
The relief bounce (04/16) then found resistance at the Yearly Candle S/R level, we see 1 candle broke above and failed then the second 30min candle also got rejected and selling once again dominated the action.
It is fair to say now that this stock has developed a Local Range between Support (Volume Shelf) and Resistance (Yearly s/r) and until that is resolved it is best to sit
on the sidelines.
Major resistance on the weekly is now the 50MA and until reclaimed the bearish trend is intact.
You will see on the charts which follow how and why we have selected certain pivotal levels.
I would really appreciate a like or comment on the chart and if you find this analysis helpful please FOLLOW for more in-depth analysis and strategy.
SPCE possible breakout bottomingLonging this if consolidation happens next week, and or Break out. If not shorting it to next bottom.
Virgin Galactic (NYSE: $SPCE) Flashing Signs Of A Reversal 🚦Virgin Galactic Holdings, Inc., an integrated aerospace company, develops human spaceflight for private individuals and researchers in the United States. It also manufactures air and space vehicles. The company's spaceship operations include commercial human spaceflight, flying commercial research, and development payloads into space. In addition, it engages in the design and development, manufacturing, ground and flight testing, and post-flight maintenance of spaceflight vehicles. The company was founded in 2017 is headquartered in Las Cruces, New Mexico.
