Another Strong Bear Trend, but with Swing Trading Opportunities Refer to my other bear trend analyses. And also my other analyses that talk about oscillating indicators and cross overs.
1SPCE trade ideas
Short to $30. Technicals indicate a grind back to both the psychological and trend support of $30. See chart.
SPCE - Space Doge(S)SPCE - no spaceships until May - until then! SPCE is currently in a 30 minute broadening wedge/bear flag
Let's go to SPCEVery early pump, but even after a serious dump SPCE still looks very bullish if it can hold the white line
SPCE Breakout1. short interest to cover
2. stalled launch, with imminent catalyst
3. CFO ousted (GME story)
4. double wedge break, confirming
5. earnings premium trading at 11% discount
Rocket to be launched I made a terrible mistake that sell them early in price range 32-38
Why i reopen again in higher price
1. Price tested 150 MA several time never broke
2. Massive of holding on price range 42 - 46, creating strong support
3. Price is above 200 MA - long term uptrend
4. MACD line is above Signal line
My concern
1. Quarter result to be revealed on 26.Feb, below expectations might leads selling high pressure
2. ARK fund has reduce the company holding - due to overvalue?
**Move dumps up Move watt
Thank you Guys!
SPCE - LONGBuy, not placing a SL on this one just yet. I will probably be looking to hold this one for a while.
SPCE - Bearish ScytheI see these patterns on lower time frames (5m charts mostly -- thanks algo's). I've never quantified the pattern but they seem to be a distant cousin of the cup & handle. Usually you spot a bunch of other patterns that break down PRIOR to spotting the scythe shape becoming crystal clear, but I've yet to see one of these things fail. If you spot the scythe at highs (short), if at lows (go long). Again I've only seen these patterns work GREAT on 5-m charts, so it'll be interesting to see if this plays out, but I basically treat it as a modified cup & handle to create my price targets. I am not personally shorting SPCE, and I have no plans to. Target $32.
BUY $SPCE - 02.22.2021tockonomy Weekly Pick 02.22.2021
$SPCE has seen a strong run-up in recent weeks on strong volume.
Volume has since dried up on a pullback to 50% Fib Levels and an oversold StochRSI.
SPCE Trade Idea$SPCE Analysis #IDEA
Bullish Over: 50.81
Price Target: 54.93
Stop: 49.78
Contract: 02/26 55c
Virgin Galactic HLGDS INCThat was a fun rally. But earnings is going to be coming out soon and investors certainly cant love seeing negative earnings reports quarter after quarter. Price has potential to settle out a bit after this rally to find some support levels before testing to new highs. We are already seeing a turn in the MACD as it turns from an overbought market to an oversold market. Although to the same token many investors love to look for oversold markets as perfect buying opportunities as prices tend to be lower.
SpceI scooped a few long holds at the 51.53 .236 level. The daily rsi looks like it has a little bounce. I would expect a run back to the 63$ level but a failed hold at 51.53 could bring us back to 44 level. I would love to averge down around there but I think we might run back. If we manage to break 63 with volume that’s a great long trade into blue sky areas This is just basic fib retracement levels
$SPCE daily inside bar set up w 20 daily ma Undercut SEE chart for buy stop idea over friday's high w volume, I found a potential bat pattern to i will post that coincides w lower trendline in case this pulls back we can try to catch the low
SPCE just entered a new SPACE Closing above 37.35 will change the game for SPCE , and it could go up to 60-70 in few months..!
I made the call on this when it was 18 in November and the second call 10 days ago when it was 32, 12 days ago.
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SPCE has targeted its all times high..!IMO: it will soon surpass its all times high and enter new horizon..!
[SPCE] Next Candle Better Be Good or Bye Bye...Hammer candle alert... testing right below some nice fractals.
Tomorrow's candle should bring clarity to the direction we'll take next, I'm leaning short here though.
If we break under these fractals we'll likely land on orange around $40 briefly before the next takeoff (We're not likely to get much under $37 from here).
Not expecting much from earnings either way but keep an eye for any surprise.
Trading could be fun and profitable if you have Strategy..!Review on my SPCE analysis
1st- LONG: Nov 3, 2020, price: 18.45
2nd- LONG: Jan 14, 2021, price: 32.76
3rd- LONG: Jan 26, 2021, price: 42.44
Price soared to 62.8 on 62.80
4th- Short: Feb 17, 2021, price 50.36
IMO: SPCE is not a buy in short term unless closes above 62USD.
Educational point:
1-You need strategy to enter a trade, maximize your profit, protect your profits, and getting out at the right time!
2-Remember only liars enter at the lowest price and gets out at the highest price..!
3-Always trade based on evidence.
Moshkelgosha
Fly Me to The MoonThen Spring on Jupiter or Mars... Okay... but seriously, this is a beautiful setup if the market is green on Tuesday. Nice coiling after a big advance. Loving the increasing volume. Everyone seems to have space travel on their minds these days. Seems like a sound investment for the breakout at least. Target $71-73. Looking to go long in the AM Tuesday, depending on how things look.
SPCE put ideaSPCE looking bullish here on the daily, I see this easily hitting the .618 fib and see a 48 put working for this week
Virgin Galactic going to Space after confirmationRSI is showing that we are almost ready to take off after a very long consolidation. Once the RSI hits 50 I am bullish
