SPCE possible breakout bottomingLonging this if consolidation happens next week, and or Break out. If not shorting it to next bottom.
4SPCE trade ideas
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.
SPCE very close to reverse If SPCE finds buyer on support trendline we should see a nice up movement
Time to start accumulating SPCE again?Chart looks very nasty with that Head and Shoulders pattern AND daily bearish divergence with negative momentum only now starting to build again but we are supposed to get a test flight next month and I think we might see some support around $17. I believe anything between curent price level and that support (so $17-22) is a potential buy zone. I think this could go as high as $40 (top of the trading range) by end of this year assuming the company actually manages to deliver the test flight this time and potentially even to $70 if they get Branson to space (this is probably not happening any time soon through looking at all their setbacks so I wouldn't get my hopes too high).
Potential Bullish Shark on SPCEClose to the entry of about 20.
Its also creating bullish divergence on the MACD
$SPCE in a reversal pattern here.$SPCE is testing support area creating a double bottom around these levels. Loving the setup here for a long term positions.
Support: 23
B/O: 27
Short Term Target: 31
Short Term Target 2: 36
Virgin Galactic: about to hit the fan?Looks like SPCE is forming a head and shoulder and should hit 22 but if it breaks under the red trend line, the next target should be around 18.
SPCE BounceSPCE has become overextended to the downside and i believe has exhausted its sell side move. It is running into daily support at the 23 area. I believe it will bounce up from here as a relief bounce back to the 25 range.
SPCE Weekly 50MA Trend - Buy ZonesEveryone else seeing this trend right? Buy the weakness, sell the strength.
$SPCE Target 44.24 for 27.68% $SPCE Target 44.24 for 27.68%
Or next add level is at 25.06 (so basically anywhere here)
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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 looking very nastyI really hope this doesn't play out but SPCE is looking very weak with bearish engulfing candle about to close on the daily by end of the day. No help on oscillators, stock could go into freefall and lose 50% of current value very quickly if some positive news doesn't come out soon.
SPCE again in a magnetic trendlineSPCE ready to fly after touching again a trendline that has been tested multiple times. The volume of yesterday's session could imply strong support for the price to continue down.
Target Price: 60
Expected Returns: >100%
SPCE Analysis $SPCE | #Analysis | #StockMarket
Bullish Target 38.86 🎯
Bearish Target 23.92 🎯
Symmetrical Triangle ✅
Head and Shoulders ✅
Coiling Tighter on Decreasing Volume ✅
Consolidating Above 0.382 Fib Weekly (28.35) ✅
Entry on Break of Blue Line with Confirmation ✅
My outlook for SPCE 🚀 and ARKX 🚀SPCE earrings are in 31 days. I expect to see further upside especially with the ARKX ETF inclusion. The pattern recognized here is a running flat Elliott correction wave. I don't see an entry point for calls. What I'm looking for is a lower degree correction similar to the one found on NAS100. I'm waiting for the options chain in ARKX so I can engage in some covered calls and cash secured puts for additional monthly income.
If you like what you see why not support us?
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Is the SPCE bullish or bearish?I think it is possibly bullish, but not sure which way break the tending line is important. Thanks.
SPCE basing and ready to go back upThis looks like a great play and a few gap zones can be short targets.
Long term play is also positive.
Target entries:
1. $29-28/ Current price is a lower range of triangle support
2. $26 holds we can avg down
Stop loss: $22 I would take this chance to see it hold.
Targets $36 recent high, $60 FEB highs
Risk:Reward = +$10 to +$30 V. -$5-7
Short exit target can limit loss to 10%
