Next week will be realy important for SPCE i thinkNext week will be realy important for SPCE i think
4SPCE trade ideas
SPCE likes gapsRSI is in the bearish area, below 50 on one year chart. Price is at the YDT, 1 year, half of year price close range, it can be a good starting point to rise.
$SPCE Virgin Galactic Holdings potential LONG Trade Setup$SPCE made a 90% retrace of it's last run.
Nice bullish divergence on the daily.
Something to watch though is the small gap at $ 17.30
Maybe wait for a confirmation daily close above the daily EMA 20 to enter.
If the gap somehow gets closed before we run, its a STRONG buy imo.
SPCE nested elliot wavesSpace is the future, Virgin Galactic is a player in space tourism, and it seems it might be in a possible wave 3 inside a nested 1-2, 1-2, 1-2. Currently living inside a channel.
Just my opinion.
Please do your own research. This is not financial advice. For education purpose only.
New support for the shortstocks have been doing badly for months. from one descending channel, the price fell into another
SPCEThe arrow is on its way to forming positive models
Divergence
acute triangle
closing gaps
I think that the stock is set to rise gradually and its current prices are to buy
Mewn sewn!!! Higher high’s, higher low’s! All the daily/weekly indicators turned green! Parabolic inc!
SPCE D1The space industry has been gaining more and more popularity in recent years. The development trend in this area is surprising, even considering the capabilities of technology today. Virgin Galactic is one of the leading companies in the industry. This year, the company's shares reached new all-time highs twice. This speaks of great progress on the part of the company. Virgin Galaktik is hard at work on her new developments. I think that in the near future we will see new peaks in the price of stocks.
Time to rocket or catch a falling knife?Loving this set up as well on SPCE. It has been dropping hard for the past few weeks, but I feel like we finally bottomed on this one. Still be very cautious however, we still have support at 14 and 16. however, 18 is a strong demand area which it obviously bounced off from. the Lagging span is now above price which gives confirmation of a reversal. Additionally we see SPCE making a moku break out from the red cloud. I want price to break out of this down trend resistance line and hold the area highlighted in purple so i can confirm we are going long or making parabolic steps. We might see the gab fill first on my second purple highlighted area before we can cool off again and then make an attempt toward the big push toward 40-60 as this stock did before.
Sideways trending SPCEIt is a bit of a change of scenery seeing Virgin Galactic Holdings, Inc (SPCE) trading almost completely range bound trending sideways. Those holding positions over the last 3 months had various opportunities to sell out of the money calls on their positions with out ever being assigned on their option.
With trading volume at levels that are fractions of its peak trading days there is the potential that a surge in activity could dramatically cause a fluctuation.
Seeing how price continues to play within these low ranges to identify where the next level of support will be tested before a potential reversal. With earnings planned for next Monday we can expect to see some movement, unless the market has already adjusted accordingly in anticipation.
SPCETends to bounce off this support .. let's see if this time anything is different
I'd advise to go long with a stop loss of : 14.8$
Virgin Galactic delayed commercial flights until Q4 2022 Virgin Galactic delayed the start of start commercial flights until Q4 2022.
I expect it will touch the 16.20usd strong support from which it should consolidate before another leg up.
Virgin Galactic reopened ticket sales with prices starting at $450,000 per seat. They sold 600 tickets so far.
Jefferies sees Virgin Galactic's total addressable market at $120 billion and Virgin Galactic's revenue hitting $1.7 billion by 2023.
If the brokerage firm is right, then the 4.775Bil mk cap is undervalued right now.
I`m looking forward to read your opinion about it.
Virgin Galactic to JupiterF**k the moon we're going to Jupiter. The company is starting to become bigger and better. Let's see how far the bulls will push it. I have my money on Jupiter.
$SPCE is nearing the bottom of its multi-year channel! 200% +$SPCE has been very predictable in the past and has the potential to bounce over 200% here as it's nearing the bottom of a very long channel.
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.
Virgin Galactic (NYSE: SPCE) Near Bottom Of Multi-Year Channel🔎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.
Swing trade on SPCE
After the big drop it had, and this consolidation process, it could be a good trade to try to close the gap, a good stop loss is almost guaranteed victory.
The price from my point of view can be seen stopped at the sma200, which would be a 25% profit from now on, wait to break the bearish line with volume
40 year old Virgin Galactic trendlineI've stayed away from this stock mainly because of it's horrible financials and have seen this
trend line (pictured) hold up many times now. I am banking on that again as we are off the highs
quite a bit (nearly 70% decline). Also, we are in a falling wedge that is meeting that trend line.
This adds extra sauce to this play for me.. I am a swing trader/investor and a fib guy. I have
labeled as well a 618 retrace ($16) of the entire stock as a possibility of low in case the trend line
breaks. Happy trading. Pure technical play.
Why SPCE will go up.Yes, Branson did unethical things to the company, luring traders to buy the stock after the successful flight. Then dumping 500m spo. It was liquid then, so i guess there was no other opportunuty to do so.
Nevertheless the company is unique and there is no other public competitors for this sector.
Reasons to go up:
1. Fundamentals are much better compared to after covid times. There was a complete uncertainty about the stock. But it still traded in 15-20 range. Even in complete fear there were believers, satisfying demand.
2. The sentiment is incredibly bearish, no sellers left.
3. Huge accumulation zones. Big players entered the 15-20 range, they protect their positions. This is 101 why VPVR zones and levels work.
4. Do opposite what banks say. They have incentives to manipulate the price as they have the influence to do so. They can accumulate positions, generating better price. BTW JP Morgan's target downgrade caused little to no fluctuations in price. There may be little to no sellers.
SPCE: Nobody saw an offering coming! Well played, Virgin Galactic!
SPCE is far away from being done. Another 23% down to 23 is expected in the incoming weeks. I'm expecting the gap from May to be filled before our next move up. Those who bought this at the top thinking it will go to 80, like I said in my previous post, the run to 80 will happen but should take some time. The company has proven itself on its path forward. Their commercial fights will soon take off and more investors will pour in again. But for the time being, buckle up! This ship is going down.
SPCE: Is there any hope?Let's see! Weekly charts shows that we are right at the trendline and the bounce we saw today could be a bull run continuation signal.
But, on daily we can adjust the trendline and argue that price has not bottomed yet and has another 7% to drop before any real reversal. For a reversal to happen, we need to follow the volume profile drawn on the daily chart for the bearish trendline to breakout with sufficient support.
On daily you can also see the volume for Friday's sell-off, which is relatively larger than any other day in the past two months. That could be interpreted as the selling climax for our bullish scenario.
Bullish Indicators:
Bounce off of Weekly trendline
Daily RSI near 30
Weekly chart shows similar volume changes in the past that lead to a new bull run
Bearish Indicators:
MACD cross down
Daily trendline points to another 7% drop
There is no near term catalyst for Virgin Galactic
Final call: Leaning Long
LONG $SPCE TO THE MOON? $SPCE ENTERING BUYING ZONE.
Swing trade
- LOAD UP BAGS AT THE GREEN ZONE.
- AVERAGE DOWN if we go to the bottom of the green box.
- IF PRICE ACTION IS CONSISTENT, expect a bounce to ATH (Red Box)
- STOCH RSI HIGHER LOWS.
SPCE Bullish BatSPCE is forming a bullish bat pattern after completing a bullish shark pattern, the PCZ is at the 20 dollar support area. There is also potential for triple bullish divergence on the rsi and macd.
