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4SPCE trade ideas

$SPCE BULLISH TREND TEST after seeing a golden cross which indicates a potential "major rally" last April 2020, and a C & H Pattern which indicates a bullish continuation with an expectation of a breakout, which took effect after the consolidation and breaks after ARK Investment Management filed with the SEC to launch a space exploration ETF, follows a rally and a minor pullback is now expected. A bullish trend after hitting the support will be tested on the following days. not an expert advice. Trade at your own risk.
NYSE:SPCELong
by slackerVer2
1
Virgin Galactic SPCE Long 100%+On my previous analysis I foresaw a 60% profit, and I was short, we are now over 100% well in profits if your entry was at the golden pocket fibonacci retracement. Now on this analysis, I can see SPCE moving inside a macro-channel, with high probabilities to touch the upper edge of the channel, reaching 100 USD if the following test of VSS Unity is successful. If not we can expect a sell off that could get us back to the twenties. I would wait for the price to get back to the 40s to add more to my position, before the next test flight. Virgin Galactic has been building partnerships with NASA to create an astronaut training program, and to develop supersonic aircraft. It also signed a memorandum of understanding with Rolls-Royce to collaborate in designing and developing engine propulsion technology for Mach 3 commercial aircraft. The next test flight window for its SpaceShipTwo will open on Feb. 13, so fasten your seatbelts. As always those are my own views, DYOR. Please let me know what you think in the comments.
NYSE:SPCELong
by sirfreakthemighty
Potential Cup and Handle long opportunity on SPCEPotential Cup and Handle pattern formed on 1h SPCE chart with day closing at what seems to be the bottom of the handle. Possible bullish divergence forming on MACD (higher levels of negative momentum while price makes a higher low) and the fact that the price found support at minor trendline seem to add to the bullish argument. Smaller timeframes are typically less reliable for indicators like that but the overall trend on this stock is currently extremely bullish, hence the bias. As far as price history is concerned we are in uncharted territory above ATH so we only have Fibonacci Retracement levels to guide us - using discernible swing high from December 9th and discernible low from January 5th we can see that resistance at $58.2 is actually a 2.618 Fib. level with 2 more price targets above at $71.8 (3.618) and $80.2 (5.236). What's worth noting is that SPCE tends to rally leading up to major events (December rally up until the test flight date) so it would seem logical to expect similar run leading up to newly announced February 13th launch. With more major news on the horizon (including Earnings Call on February 25th and those tend to be used by the company to make major announcements + completion of 2nd spaceship also rumored to happen in February), the short-term fundamentals remain bullish as well. Long-term prospects will depend on multiple factors that have been discussed a lot before and TA seems to be helpless here as it tends to be with other growth stocks like TSLA but I believe that this year will be big for Virgin Galactic with ARKX launch, test flights, hopeful FFA approvals and Richard Branson flight and more. I expect space to be a major theme this year and recent successes of SPCE spin-off company Virgin Orbit might also positively impact price action through proxy. Not a financial advice as always do your own research.
NYSE:SPCELong
by Ravich000
SPCE - if you took puts near market open - keep your profitThe trade idea is linked. What a move down today, more than I expected. One important point - I bought 2/12 40 strike puts yesterday and today my option price did not increase much at all because VIX fell so much. If you took weekly puts on this today, you should have taken trimmed or closed out already. If your objective was a day trade, then be happy with an amazing return and do not look back on missed profit (if any). If VIX rises again in the next few days then swing puts will rise in price. I have 46, 42 as price targets.
NYSE:SPCEShort
by OptionsRising
2
$SPCE Virgin Galactic $76.00 Target As the short squeeze continues we must look at much higher level in the stock as a potential target. We have set out levels of Fibonacci confluence at $64 & $76 where the channel and expansion levels collide. The afterhours announcement from SpaceX has also added fuel to the rally. Care is needed as the stock is overbought so watch for reversals as the RSI hits 90. Please drop a like or comment if you find our content helpful, thank you.
NYSE:SPCELong
by Xclusive-Trading
4