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1SPCE trade ideas

SPCE: Is it about to reverse the trend?Hello traders and investors! Let’s see how SPCE is doing today! The stock is in a crystal-clear short-term bull trend , as seen in the 1h chart, because it is doing higher highs/lows . The problem is the resistance at the $ 33.90 , which seems to be giving a hard time for SPCE. Now, we are doing a pullback, as usual, and the two main supports are the 21 ema and the purple trendline. In the daily chart, we see that SPCE is just dancing around the support at the 61.8% Fibonacci's Retracement , and it is trying to reverse. Today, we hit the 50% retracement, and we are clearly trying to defeat the 21 ema. The volume is increasing, while during the accumulation seen in the last weeks it was very low. If SPCE is about to reverse for good, it must defeat the $ 33.90 once for all, but it might do a pullback before. It is not my favorite stock, but between a long or a short trade, definitely the Risk/Reward ratio favor long trades. If you liked this analysis, remember to follow me to keep in touch with my daily updates. Have a good weekend.
NYSE:SPCE
by Nathan_The_Finance_Hydra
2
A lot of liquidity below 30 created, price will likely followSo far Virgin Galactic was an abysmal investment for me. Although I bought CFDs low at about 24 and sold a lot higher, I started buying shares up there and the price dropped. Anyway, I am planning to buy some more shares between $20 and $25 if the price gets there. Why am I planning to buy when I am already exposed to SPCE? - this company has good prospects for the future. Virgin Galactic is doing its thing more efficiently than Blue Origin. The vertical start is very inefficient and even though it gets Bezoss' New Shepard higher and into actual space, I don't think the people will care that much. As long as they can see that the planet is an oblate spheroid, they will be happy with the experience. Space tourism might be somewhat threatened by the green activists who think that it will damage the environment too much. Activists are often just political pawns who didn't do their research, so I see how they may be drawn to the logical conclusion that space tourism is bad. But that doesn't make it true whatsoever for a number of reasons I won't be getting into on a Trading platform. Another threat that might look to be relevant might be posed by socialists/communists on Twitter who know best how to spend someone else's money. Fortunately, they seem to be numerous on Twitter but in the real world, they are outnumbered by the people who see our future in space. Wright brothers who invented airplanes might have also faced people who would say 'Why don't you make bicycles for the needy instead? I don't think these "experts" will be able to stop technological progress. Why do I think the price has a high probability of reaching for these lower prices? - if there is any blatantly obvious market level, both stop orders will be there! In this case, there will be stop-losses of people who hold longs and who own real shares. There could also be stop-market orders of those who think that this company is a toast (not in this case probably). Anyway, that is the only place where the institutions can open their large orders. When they want to go long, they need someone to sell to them! It will be those who had stop-loss orders there. As much as I expect Virgin to be a prosperous company in the future and with their commercial (almost) space flights starting next year, I think we will get a good price for the last time in the coming weeks and months.
NYSE:SPCE
by OrcChieftain
Virgin Galactic Holdings Inc.Monday, 26 July 2021 18:57 PM (WIB) KEY INFORMATION: Name: Virgin Galactic Holdings, Inc. Ticker: SPCE Exchange: NYSE Founded: 2017 Industry: Aerospace and Defense Sector: Capital Goods Market Cap: US$7.124b Below Fair Value: SPCE ($29.58) is trading below our estimate of fair value ($55.98) BUSINESS PROFILE: 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. TOP SHAREHOLDERS: 23.59% | Virgin Group Holdings Limited 6.54% | SCH Sponsor Corp. 4.9% | Aabar Space, Inc. 4.77% | The Vanguard Group, Inc. 2.25% | BlackRock, Inc. 1.17% | Renaissance Technologies Corp. 1.05% | State Street Global Advisors, Inc.
NYSE:SPCE
by RyodaBrainless
1
SPCE Time Below 200 Day MAThis chart simply shows the length of time SPCE has spent below the 200 day MA in the past. This may help some of you manage your expectations. It is possible that things have "changed" and as the hype may have reached it's climax, but based on technical analysis we have zero indication at this time that this is true. So far, the uptrend is intact and the price is behaving "normal" as we can see based on historical price action. In the past, we have seen that any buy below the 200 day moving average has been well rewarded, however there is always that chance that this time is different, as with any trend. Please see my related idea below on SPCE showing previous draw downs and gains from the 200 day moving average. Also, please like this post if it helped you in any way - it'll encourage me to post more content.
NYSE:SPCELong
by ttrending
2
Panic Subsides, Bezos Flies into Space, and Nvidia Splits StockIf yesterday the stock markets poured in for no particular reason, today they also grew in general without any special reason. In the sense that nothing fundamentally new in the news background happened. This is the specificity of price dynamics, behind which is not fair value, but human sentiments. The main event of yesterday from the point of view of the hype in the news background was the successful flight into space of the main rich man of the planet, Jeff Bezos. After that and Branson's flight last week, the era of space tourism can be considered officially kicked off. The capacity of this new market is measured in hundreds of billions of dollars (trillions by some estimates). So, Blue Origin and Virgin Galactic look like very promising shopping destinations. Especially when you consider that after Branson's flight, Virgin Galactic's share price lost about 50%. Just in case, we recall that private investment in space is still available exclusively through Branson's company. Another important event for the US stock market was the split of Nvidia shares. Stocks split 4 to 1. The motivation is typical: to make stocks more accessible to small investors. The antagonistic approach is the refusal of splitting in order to cut off all kinds of incompetent subjects from participation in the capital. The most prominent adherents of this approach are Warren Buffett and his Berkshire Hathaway. One share of the company is now worth about $420K. The reporting season in the US continues. The top event of yesterday was the publication of NetFlix results. They cannot be called breakthroughs: the profit came out even slightly worse than market expectations. The number of subscribers was formally higher than expected, but in reality 1.5 million is the weakest result for the company in recent years.
NYSE:SPCELong
by Trade24Fx
1
SPCE: Time to buy now?Hello traders and investors! Let’s take a look at SPCE again! Is it finally interesting now? Well, we’ll see. SPCE is still in a bear trend, and there’s not a single reversal sign around. We can assume SPCE is just bouncing back to its 21 ema, before it drops again. However, I agree that the recent candlesticks are looking interesting, and it gets better if we look at the daily chart: Despite the lack of bullish structure in the 1h chart, we have a good candlestick pattern here, which looks like a Bullish Engulfing , just above the support level made by the 61.8% Fibonacci’s Retracement. The 50% retracement didn’t hold the price as I thought in my previous analysis, but the 61.8% is as good as any retracement. The volume is good too, and this could be a buy sign. The problem: It is a very risky buy, as we have no solid bullish structure around, and just one candlestick pattern might be not enough. What’s more, the volatility is quite high, SPCE should decrease it a little bit more, and a sideways movement f or the next weeks is something we can imagine. Moments like this brings a lot of stress, as we see many erratic movements. To sum up, if I had to do anything on SPCE, I would buy, as the Risk/Reward ratio favors long trades. Nevertheless, since I have option to stay out of this, I rather prefer to trade other stocks, outside of people’s radar, which are much more interesting than SPCE. Remember to follow me to keep in touch with my daily updates, and support this idea if you liked it! Thank you very much!
NYSE:SPCE
by Nathan_The_Finance_Hydra
2