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1SPCE trade ideas

Virgin Galactic In the process of Bottoming out? Hi, this is a Technical Analysis on Virgin Galactic (SPCE), it is viewed on the 1 Week timeframe. Our current candle is currently in the process of breaking out BELOW our UPSloping Support Trend Line, highlighted by the RED circle. Note: The candle closes, end of trading session on 7th of August, Monday. Meaning our current candle is not accurate, so we need keep a close eye. If we close ABOVE, our trend continues, giving us yet another week to tread along and hopefully break our ressistance trend lines. Our RESISTANCE is 2 FOLD 1. Upper Resistance line of DOWNWARD CHANNEL 2. RED HORIZONTAL LINE above us If we close BELOW, it means we are attempting a "Trend Change", but this candle alone is not enough, We would need to look for CONFIRMATION. This can be way of a specific single candle printing or a candle pattern formation. (I will be sure to update in the coming weeks). Our 1st Target would be the BLACK Horizontal Support line below Our 2nd Target, which is also a CRITICAL ZONE is our STOCK LOW @ around $3.11, depicted by RED LINE ->Below this, we form a lower low and make NEW LOWS Our 3rd level would be where Lower BLACK line of the DOWNWARD channel and PRICE meet, below the RED Horizontal line. Our overall DIRECTION currently, is DOWN. Evident by the DOWNWARD CHANNEL drawn with BLACK lines. **Until PROVEN OTHERWISE**. -> For us to break the downtrend, we need to break and CONFIRM ABOVE the upper trend line of DOWNWARD CHANNEL. So when im looking at the current candle, im thinking its MORE PROBABLE we go down. Notice how the Week of June 12th and June 20th, we had Large Upper Wicks form, this indicates SELLING PRESURE. The pressure was due to convergence of resistance of the BLACK and RED Resistance lines. The pressure from this event, can be whats pushing our price down. My thought process is that i actually want PRICE to hit the LOWER SUPPORT LINE of the CHANNEL. Doing so, as long as the RSI maintains Higher Lows will lead to the formation of a BULLISH DIVERGENCE. This leads to prices MOVING to the UPSIDE, in most cases. Can be a BOTTOMING pattern, in my opinion. Now lets look to my indicators for more evidence. RSI is getting tight in this symmetrical triangle pattern. We will soon see a breakout ABOVE or BELOW. If we break BELOW, look to the RED line, we want to stay above here for the possibility of a BULLISH DIVERGENCE to be in the picture. ALso note: Symmetrical triangles usually break out to the upside. ORANGE RSI line, should also stay ABOVE the Black moving average. Look left, everytime we CONFIRM below, PRICE DROPS DOWN. STOCH RSI, is in the process of a BEARISH CROSS, this if confirmed on Monday will bring in momentum to push prices DOWN. ADX which is also a momentum indicator, I would like to see the BLACK moving average, curve up, GREEN Line also curve up breaking out of the upper border of rectangle. This would indicate to me that a large amount of bullish momentum is coming in. CONCLUSION: Overall, i believe SPCE is in the process of carving out a BOTTOM. Its evident by the range highlighted by rectangle, we are in some sort of CONSOLIDATION. Our current price action must be observed. In the chance we do CONFIRM below and go lower in price, it will provide great entry levels for BUY ORDERS. If we also hit the lower support trend line of the down channel, the potential for a BULLISH DIVERGENCE may become more probable. With all the evidence being presented, it is important to observe SPCE to see what it does in the coming Weeks to Months. Thank you for taking the time to read my analysis. Hope it helped keep you informed. Please do support my ideas by boosting, following me and commenting. Thanks again. If you have any questions, do reach out. Thank you again. DISCLAIMER: This is not financial advice, i am not a financial advisor. The thoughts expressed in the posts are my opinion and for educational purposes. When trading always spend majority of your time on risk management strategy.
NYSE:SPCE
by SafofAllTrades
7
Virgin Galactic (SPCE) - Q2 Interest - Potential Accumulation 📊 Fundamental Analysis: Virgin Galactic has been gaining attention in the market due to a positive Q2 performance. The company's strong quarterly results have sparked interest among investors, potentially indicating positive growth prospects ahead. 📈 Technical Analysis: The chart above illustrates a potential Wyckoff accumulation phase for SPCE. The price action appears to be forming a classic Wyckoff pattern, suggesting a potential bullish reversal. We've seen a series of higher lows forming over time, indicating increasing buying interest. 🔄 Anticipating the Spring Phase: The final confirmation for the Wyckoff accumulation pattern often comes with the "Spring" phase, which involves a liquidity grab at the bottom. In this case, we're watching for a potential dip to the 0.272 Fibonacci level around $2.36. This could act as the liquidity grab, setting the stage for a potential bullish move. 📈 Bullish Confirmation: To confirm the bullish scenario, we're looking for a higher high (an outbreak) in the price action, potentially around the $8 to $10 range. This breakout would validate the accumulation phase and signal a potential trend reversal. 🔍 Key Levels to Watch: Support: 0.272 Fibonacci at $2.36 Breakout Confirmation: $8 to $10 range Let's discuss in the comments below! What are your thoughts on SPCE's potential accumulation phase and breakout scenario? Share your insights!
NYSE:SPCELong
by Soldi75
SPCE Swing Long For Aug 10 Space Launch This SPCE long trade is centered around the second commercial space launch on Aug 10. SPCE had a successful first launch in June of 2023, and there is optimism that this launch will also go well. Initially my plan was to buy in the buy zone between $3 and $3.50, but SPCE was struggling to drop lower. I readjusted my range to $3.68 to $3.72. These target prices are time sensitive because there could be a drop near the Aug 10 launch date. Last time there was a long 3 day candle up and I’m looking for a similar scenario here. Target Price TP 1 The red resistance line is my first price target at $5.75 TP 2 The white resistance line is my second price target at an estimated price of $6. The price could overshoot with a successful launch or strong earnings report.
NYSE:SPCELong
by realchartchamp
SPCE: A Journey Back to OrbitVirgin Galactic has and faced numerous financial and operational struggles, including the backruptcy of it's subsidiary Virgin Orbit. However, this company is set to commence commercial "space flights" this 2023 Q2. There has been an uptick in stock price action lately, as I believe awareness is spreading. Short term: 1-2 months I expect the stock to pop short term as we "buy the rumor, sell the news" into the upcoming scheduled space flights around end of June. Long Term: 1 year+ I'd expect the macro environment to drag most stocks down in 2023 Q3/4 as we face recession headwinds, but if SPCE can become profitable I see it reclaiming it's all time high soon after achieving profitability.
NYSE:SPCELong
by The_Bitcoin_Boy
Virgin Galactic - SPCE outlook showing signs of strengthLooking a the SPCE chart from a birds eye view it shows the company is overdue for a run. For months it's been trading sideways. It almost looks like it's break out of an inverse head and shoulders pattern. Until recently a spike caused by bullish news sending the stock from around 4.04 to 6.50. On the run up it rejected the 6.50 price and came back mid day to the 4.50 level. The Fixed range volume profile showed from 4.04 to 6.50 on the initial the point of control was shifted to 6.50 where most volume was traded at the top. It showed a new level of support based on the visible range volume profile after it was rejected in the 4.81 - 4.63 range which to me was a buy zone. Even if it drops a little bit im okay with the risk to reward ratio with calls out to July 7th. I wanted to get in it but I wasn't going to buy in at the top. The visible range volume profile showed me that most the volume came from these price levels. The fixed So I took the trade and look for a momentum run up in anticipation of the commercial flight between june 27th and june 30th. The blue horizontal lines represent my take profit levels with the first retesting the 6.50 level. If price moves agressive I'm looking for it to close gaps from the prior months. The closer to launch date I can see it running up because people don't want to miss the run and a lot of buying pressure should be coming in up to these dates. Not to mention there's another flight shortly after in July I believe if there are no delays. We will see how this plays out. My calls don't expire until July 7th after the first flight if there are no delays. Thanks for taking the time out to read this. Trade responsible, Jay #TradeTheWave
NYSE:SPCELong
by FinesseTheWave
SPCE Stock Swing Trading Idea - Capitalizing on Price Reversal Hello, fellow traders! Today, I am thrilled to present you with an exciting swing trading idea for SPCE stock, focusing on a potential price reversal and the opportunity to capture buy side liquidity. Based on my analysis, I anticipate the price to decline into the violet area, representing a fair value gap. This presents a potential entry opportunity as the market reaches this level. I suggest considering a buy position when the price approaches the fair value gap, as it may indicate a reversal in the near future. Furthermore, I have identified the presence of buy side liquidity beyond the fair value gap. This liquidity area acts as a potential target for this trade, offering a favorable risk-reward ratio of approximately 1 to 4.1. This signifies that the potential profit is more than four times the potential risk, making it an attractive opportunity. However, it is important to implement proper risk management measures. Consider placing a stop loss order below the recent swing low to protect your capital in case the price does not follow the anticipated pattern. Remember, trading carries inherent risks, and it is essential to conduct thorough analysis and make informed decisions. Adapt your strategy based on market movements and manage your positions accordingly. Wishing you success and favorable trading outcomes!
NYSE:SPCELong
by trading_as_bus
Ninja Talks EP 13: Monk ModeA Bambi's biggest trading obstacle in 2023 will be over trading in a bear market, especially the crypto kiddies looking for their next pump. This is why you have to restrain from whoring yourself out to the market in the hopes of making a quick buck. We call this, monk mode. Not the whoring, the opposite. Monk mode is abstinence from indulgence and has been the theme of a couple of our past episodes - and for good reason, it's what 99% of tiktok traders these days suffer from, so as a public servant and your local connoisseur of fine trade ideas I give you the following guidance. Create a fatal funnel of filtration. Filter trades through a strict process. Example; Potential Potential high quality Triggered high quality Triggered+ confirmation on lower timeframe high quality You can use tradingviews watchlists and flag function to get the job down easy. This process will ensure you (1) Take only A+ setups (2) Remove all unnecessary trade setups (3) Maintain a higher win rate (4) Improve confidence and reduce anxiety and most importantly (5) Eradicate over trading. Does this make sense what I'm saying? Tldr version; Create a very strict filtration system to ensure you don't chase weak trades and only profit from A+ setups. Hope this helps. Follow me here and on Twitter for more. See you in the next episode Ninjas! Nick
NYSE:SPCEEducation
by NinjaTradingServices
$SPCE The Potential Of Space TourismAfter two years without launching a spaceflight, Virgin Galactic Holdings, Inc. (NYSE: SPCE) is set to have its first flight since 2021 later this month as a test run before its first upcoming commercial as mentioned in its latest earnings call. Moreover, SPCE has stated its goals for the under-development delta class spaceships moving forward, which would supposedly bring in a slew of revenues for the company. With SPCE having a high short interest, SPCE stock could be a considerable short squeeze play. SPCE Fundamentals Breaking out of the 50 MA on the daily chart, SPCE could be witnessing a shift in trend as a result of the company’s recent updates regarding its first commercial spaceflight. SPCE recently stated during its earnings call that it is launching its Unity 25 crew later into space this month which is the company’s first flight in two years to perform a final assessment before launching its first commercial flight Galactic 01 at the end of June. With this in mind, SPCE stock could soar if its first commercial flight proves successful. Using its 6-seated VSS Unity vehicle, SPCE will be able to launch 6 passengers during its first commercial flight next month at a ticket price of $450,000 per passenger, which translates into $2.7 million in revenues per flight. With a relatively low variable cost of approximately $400,000 per flight, SPCE is set to capitalize on massive profits at around $2.3 million per flight which could bring the company closer to profitability. As SPCE expects one flight per month from its Unity vehicle, the company would generate a revenue of $8.1 million per quarter and a revenue of $32.4 million per year. Aside from starting commercial flights being one of SPCE’s main goals this year, the company aims to complete designs for the under-development delta class spaceships alongside building the required tooling and beginning the parts fabrication for the ships. Moving into 2024, SPCE expects to continue parts fabrication while anticipating the assembly phase to begin. Finally, SPCE expects to start testing the vehicles in 2025 and launch its first commercial delta vehicle flight in 2026. SPCE’s CEO, Michael Colglazier stated that the Delta class spaceships will be the key driver of revenue growth and profitability for the company over the long term. Based on this, SPCE could be an exceptional long-term investment. SPCE currently has a high short interest sitting around 23.75%, while also having 43.68% free float on loan and 100% utilization. If SPCE’s first commercial flight ends up a success, SPCE stock could witness a short squeeze during the next month. SPCE Financials In its Q1 2023 earnings report, SPCE reported $1 billion in assets, including $415.6 million in cash and equivalents. SPCE witnessed a decline in its assets from $1.1 billion, however, its cash and equivalents grew from $302.2 million in Q4 2022. SPCE’s liabilities grew QoQ from $659.7 million to $666.7 million as its current liabilities increased from $184 million to $190.8 million while its long-term liabilities increased from $475.6 million to $475.9 million. For the three months ended March 31, SPCE revenues grew YoY from $319 thousand to $392 thousand, while its operating loss widened from $91.3 million to $163.7 million as its Research and development costs increased from $51.8 million to $109.8 million. Finally, SPCE’s net loss also widened YoY from $93 million to $159.3 million. Technical Analysis SPCE stock trend is neutral as it is currently trading in a sideways channel between the support at $3.11 and the resistance at $4.19 Looking at the indicators, SPCE stock is currently trading above the 21 MA, 50 MA and 200 MA which is a bullish sign. The RSI is approaching overbought at 61 and the MACD is bearish. Fundamentally, SPCE’s most recent catalyst was its Q1 earnings, while it has an upcoming catalyst which is the company’s first commercial spaceflight at the end of June, however, the company didn’t specify a date. SPCE stock price is expected to rise in June in light of the company’s first commercial flight. A possible play is to go long ahead of the company’s upcoming commercial flight. An entry point would be to wait for confirmation if the stock breaks out of its channel as it has tested its resistance multiple times as of late, taking profits along the way on testing the $5.59 resistance and the $6.35 resistance. SPCE Forecast As SPCE is set to launch its first spaceflight in two years which is a final assessment before its first commercial flight in June, the company could gain a good deal of revenues moving forward. With the company continuing its efforts on manufacturing the delta class spaceships, SPCE’s revenues could grow even more by 2026 when it is commercialized while also reaching profitability making the stock an astounding long-term investment. Based on these reasons, in addition to having a high short interest, SPCE could be an exceptional short squeeze play.
NYSE:SPCE
by Penny_Stocks_Today
SPCE to consolidate again or move higherGreetings and salutations, SPCE otherwise known as Virgin Galactic reported earnings today and imo was a good ER. SPCE is on track for commercial flights end of June with the Italian Air Force and reoccurring flights shortly thereafter. There will also be another flight to space end of May. With these catylsts SPCE will surely do well. If Institutions decide to load up again around the $3.25 remind your self of the phrase. Note that %B has triggered past the zero line, now it needs follow through for pump to the upside. "We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful." Warren Buffett
NYSE:SPCELong
by PicardsBoilerRoom
To the Mooon?SPCE is stirring up headlines again to try and gain some trading volume it looks like. Their PR team is quite tactical in positioning articles perfectly around earnings reports. Is this some positive news to maybe provide a story to the upcoming earnings report? With the stock being essentially on a slow descent back to earth since it dropped down below the $10 price range, is this where we found some support with the double bottom structure forming. With shares at just $3.91 you can now pick up shares at a great discount compared to IPO.
NYSE:SPCELong
by AirMarketGroup
SPCE ? Consolidation ? Short Squeeze ?SPCE is at a line in the sand of the chaos of the market. On the 4H chart, price has bottomed and might be making a reversal pivot as supported by a rising line segment on the RSI out of the oversold zone. The though of a reversal is also supported by price crossing over the POC line of the volume profile. Price above the POC line shows buyers are dominating although some of the buyers are buying to cover shorts. Below the POC line, sellers are dominating. If SPCE can get a trajectory upward, a short squeeze could ignite a launch. ( Fundamentally, SPCE is dying and waiting for Eton Musk to make a good offer.) This could be worth watching with an alert set 10% above the current price and a volume alert at 50% above the moving average 20-day volume.
NYSE:SPCE
by AwesomeAvani
1
SPCE No Earnings Burning Cash Swing ShortSPCE is losing money for 4 consecutive quarters showing that it is fundamentally a losing proposition, perhaps destined for bankruptcy or alternatively share dilution to raise cash which would prejudice present shareholders. Perhaps these scenarios are baked into the price. On the 4H chart the long downtrend dating back 2 years has continued. After the turn of the calendar year SPCE got a little pullback from the downtrend but has made a head and shoulders during the most recent earnings. It is easy to see Virgin Galactic as a swing short opportunity while it is slowly turning itself into a penny stock. Perhaps it will be Mr. Musk's next project after finishing with Twitter and he will join it into Space-X which may or may not reverse the slow demise. This is a clear case the interplay between risk and reward. I will play this swing short until the week of the next earnings.
NYSE:SPCEShort
by AwesomeAvani
1