1SPCE trade ideas
Consolidating for Up or Down Area SPCEBasing around the 200 day, looking for a swing trade out of this consolidation area. 35 for the upside and 28.50 for the downside. I dont think this is a bear flag as there is really no higher lows within the consolidation for an upside argument and for a downside it has broke above and breached below the 200 twice over the last days. Trade out of the box
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.
Can SPCE regain the channel?SPCE possible fear buy today. Dropped lower than expected but held .618 with potential to re-enter channel and push towards 35 level. Low risk entry with stop below fib
SPCE - Time to go into Space!Hello everyone,
We have amazing news in regards to the news of Sir Richard Branson going on a flight to space.
I am would expect that the huge channel we have formed would break and the next target would be at least 70$ up to 100$ if the flight is successful.
Good luck to everyone!
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.
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!
Virgin GalacticSunday, 18 July 2021
14:23 PM (WIB)
Very interesting and attractions to see Virgin Galactic Space Race demands.
Do you ever dreams to go to Outer Space to see the beautiful Earth from there?
I want to go there! Seeing Earth from Outer Space.
So, here is the way to go there.
Best regards,
RyodaBrainless
"Live to Ride and Ride to Live"
Good to add it in watchlist for next weekNeed to watch if the correction is over with this or we are going down to 24.
SPCEVirgin Galactic (NYSE:SPCE) has pulled back all the way to its 200-day exponential moving average which is a key technical support level. Might bounce next week.
Should consolidate now. Will wait for the test to pass There is a gap as shown...could fill that but down move is not supported by volume
Composite man can't fool me :))
SpceI posted on the 11th that a short was needed around 52. Locked it in. Took half the profits early let the rest ride. Up a shit ton wish I kept the rest. Either way gains are gains. 26.70 is lower trendline support. It failed to hold for the first time upon dipping to 16$ range. I feel that we can expect it to hold up around 26.60-26,70 however failing that level could result in a retest of the 16s. I have had at 27$ target since the breakdown so I will be buying some around 26-27.80 to start nibbling a hair
🟢 Added to $SPCE Target 46.68 for 32.54% (Risk Level - Med/high🟢 Added to $SPCE Target 46.68 for 32.54% (Risk Level - Med/high)
Or double position at 15.94
I added again today at 30.76
I rated this one Med/High because the next true support is down at 14.28
And there are also two gaps to fill, so if in doubt just wait and come in lower.
-----
—
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.
Numbers with an A are places that are a good idea to add if you can.
Numbers with a D are places where you should double your position.
I start every position with .5 - 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 bound *update*If space closes under $30, I believe we’re going bearish until the next retracement support in the lower $20’s.
SPCE Gains and Draw Downs from 200 DMASPCE has respected the 200 day moving average in the past very well and we're very near that mark today. SPCE did hit the 200 day moving average a couple days ago but that was in pre-market hours.
In this chart are the gains and draw downs from the 200 day moving average. Long terms investors may be looking to acquire shares at this level while shorts may be looking to exit.
🟡WATCHING $SPCE for ENTRY TARGET @ 35.19WATCHING $SPCE for ENTRY TARGET @ 35.19
I will repost when it get’s closer if it goes that way and if it makes higher highs I’ll repost with new entry.
Look to the right. ENTRY target in grey. Sell target in green. Double position target in red. That’s it.
what's next? if the price fail to stay above 31$ there is a chance that we can see 24-25 $ in the following days...
