Virgin Galactic Major Shark SetupMajor shark pattern setting up here month bullish divergence near a critical support range has just been dumping for months now so lots of build up --
Push play! See you at $50-$60 in a few months :)
4SPCE trade ideas
Spce emergency landing on 1.24 Fibo
from technical point of view, $SPCE crashing may continue and land on 6.90 as historic low and it may squeeze to 4 as technical target, the volatility average 5-8% per day.
after going to space Virgin Galactic has come back down to earthAfter going to space Virgin Galactic has come back down to earth, both literally and figuratively speaking for it's share price action. On July 11, 2021, Virgin Galactic successfully completed it's first fully crewed spaceflight. On August 2021, it opened sales to the Spacefarer community. The Company announced a target of 1,000 reservations prior to the launch of private astronaut commercial service. Approximately 700 of these 1,000 have been sold to date. On October 14, 2021, it announced the beginning of planned vehicle enhancement period, aka no immediate term revenue. Virgin Galactic (SPCE) earnings are on 1/7 at 4:05pm. I'm not expecting SPCE to go to the moon, but I did take advantage of this awful share price value and started a small speculative position through further dated options contracts. Here's the price levels on the 1 day chart.
Q4 December 2021 Consensus:
EPS = -$.43
Revenue = $1.5M
52 week high = $62.80
52 week low = $11.30
SMA200 = $25.19
SMA150 = $25.44
SMA100 = $20.02
SMA50 = $16.20
breakout = $16.90
R3 = $15.98
R2 = $15.05
R1 = $14.13
pivot = $13.20
S1 = $12.28
S2 = $11.36
S3 = $10.43
breakdown = $9.51
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Buy $SPCE - NRPicks 23 DecVirgin Galactic Holdings, Inc. an integrated aerospace company, develops manned spaceflight for individuals and researchers in the United States. It also manufactures air and space vehicles.
SPCEEveryone's cursed paper. It may give a rebound. Why? New Year rally and divergences on the daily timeframe and at 4 o'clock
(p.s. in the ass is a hype, it's better not to trade it)
Space going a flight to the moon?Space has got a couple of gaps to be filled at $24 and $31. So there is high potential for a 100% move quite soon.
There are strong upper resistance levels at $75-90 which may be tested on some very good news.
The RSI is showing bullish sentiment as it did in the prior drop with a triple declining RSI retracement support.
Furthermore, there is a double bottom suggesting a general reversal in this correction -this has a price target of $19.
Have a great new Year.
SPCE pump and dump incoming?Sold some 12.5 puts. This stock always pumps and dumps on news. There won't be any positive news shortly, but market and this stock is oversold. Let's see if this bounces. If i get assigned i sell covered calls.
SPCEVirgin Galactic Holdings, Inc. (SPCE) might do a trendline breakout soon.
Once it breaks out of the trendline, Expect a 25% move.
Position yourself according to the market and manage risk.
Excited for Virgin GalacticI think this stock has been dramatically sold off and they may have strong fundamentals long term going into 2022. Right now, I feel like the long potential should be there. That said, please invest at your own risk. Any actions you do is at your own risk. This is just on an opinion-based basis.
Falling Wedge- BullishSPCE starting to catch my eye here after selling off for quite some time in addition to getting beaten down amidst all of the intraday volatility. SPCE holding a big falling wedge, buyers starting to step in, RSI finally starting to come out of oversold territory. Additionally worth noting that SPCE has a space flight next month could act as a catalyst.- Bullish and will be looking for a breakout from this wedge (Broader Markets Permitting) - Just some support and resistance levels along with some RSI-based supply and demand zones to keep an eye on in the meantime - Bullish and looking for a breakout from this wedge - (See charts attached in the description below)
- Falling Wedge on the 4-hour and Daily Timeframes
- MACD Cross & Bullish Hidden Divergence on the RSI on the Daily & 4-Hour Timeframe (See Attached Chart Below)
- Small Gap Fill on the Upside Circa $23.03-21.74 (See Attached Chart Below)
- Bollinger Bands Squeezing & Buyer Volume Starting to Pick Up Relative to Seller Volume
PT1- $15.09
PT2- $15.90
PT3- $16.44
PT4- $16.87+
--4-Hour Timeframe--
Long into January, bounce off supportDouble bottom on the hourly chart and daily chart. This support has lasted long enough I'm buying some January calls. Rocket time :)))))))
Spce- Short term outlookit seems as if this stock is following the 21 moving average finely and i might add that a look at the chart in reverse is a little helpful for position building.
TLDR; Spce could hit the likes of $12
Happy trades!!
Buy $SPCE - NRPicks 29 OctVirgin Galactic Holdings, Inc. an integrated aerospace company, develops manned spaceflight for individuals and researchers in the United States. It also manufactures air and space vehicles.
Buy $SPCE - NRPicks 10 SetVirgin Galactic Holdings, Inc. an integrated aerospace company, develops manned spaceflight in the United States. It also manufactures air and space vehicles. The company's spacecraft operations include research and development payloads in space.
SPCE, Shark 30 minNYSE:SPCE
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$SPCE entry PT 15.10-15.15 Target PTs 49-55 and higherVirgin 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 i think this is the bottomLets go to 50 again. Just added some more at 16.40. My average price is 22 bucks now. Thank you pessimists.
SPCE (1D) Longterm Target - Wait for DIP Hi Traders,
Hopefully nobody HOLD SPCE Stock right now and you all took profit at last top ?
My expectation is the stock was too much pumped / Hyped by positive news on test flights.
Seems like Major Stockholders - Richard Branson and Chamath were selling huge % of stocks. We can expect continuous drop for next few weeks.
Wait for moment when you will not hear about company anymore / or there will be only bad news (investigation / more selling from Insiders). This could lead to 1:1 extension of corrective waves A:C.
Historic LOW could be good price target to watch. If its going to be supported by RSI and MACD COnvergce at leats at 1D chart. I will notify you about LONG Setup. ;)
Also take deep look into Fundamentals. This company and Space flightscould be good investment long term.
SPCE Load zone dip buyDivergence on the MACD and massive longterm support trend line. We can see a great buying opportunity in the yellow box. End of this year we could see a great bounce and by Q1 of 2022 we could see a massive recovery
not recommendationThe investment is very simple here
first we can see the trend is clearly going down
and if SPCE about to keep going down...
in the $14 area is my entry point
And I'm going to risk two points down.
My entry point is the smartest point to get in
only becuase of the support line and the risk reward
I'd love to hear opinions.
Virgin Galactic - Strong Buying Opportunity! 35 usd targetI think It's fair to say to that this Is a buying opportunity right now. I will not be waiting on the sideline.
There's a high probability we'll see Virgin Galactic Finshing 2021 on a higher note.
Entry: 19.3
Target: 35.2
$SPCE Long, double returns from now.We are approaching lowest level YTD ~$17.30.
Expected to bounce to resistance ~$22 in the short term (profits) .
Fall back again before good take off, probably after some "on track for Q4 2022 space travel" news.
One year best target could be $36 which is double from now .
I would then expect some delays for space travel in 2023 , because it's just too hard to be on time. Price would suffer slightly from that before rocketing to what could be a n easy $20 billion market cap business (x10 from now) .
Not a trading advice, let me know if that sounds a plausible scenario.
