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SPCE trade ideas

Is there a correlation between VIX and speculative stocks? It's no secret that VIX, aka "investor's fear gauge," is the volatility index that goes up when uncertainty increases in the market. It functions to predict and hedge against the upcoming volatility. So its negative correlation with major indexes is no surprise. Now, how traders expect volatility? When traders see a major sell-off or a massive demand in call or put options. Meaning, the option sellers see higher demand, and options buyers see increased options premium, which is a signal of increased market risk and volatility. As the result, investors seek ways to "hedge" their positions through investing in the VIX index or buying an opposite position leading to a spike in VIX. Does that mean when there is a spike on VIX, we should also expect a rise in speculative/growth stocks? Sometimes. Let's take a look at this chart. On top of the panel we have a fairly volatile ticker (SPCE) and on the bottom, we can see the VIX chart (white line). As you can see, for every move, larger than 50%, on VIX, we have seen a relatively large price movement within a month or two after the spike. Is this a coincidence? Please feel free to share your thoughts and add to my explanations for a better collective learning experience. Thanks
NYSE:SPCE
by MarkitMaven
17
SPCE - LONG SPCE to the moon? IF, SPCE respects this set up we will see plenty of long opportunities to follow. Looking for confirmation at break of 32.05 and wave continuation to 34.47, trimming positions at that level as we could see a corrective wave but it could also bust through resistance if momentum and price action is strong. If 34.47 is broken you can expect massive moves, especially with the fundamentals/hype behind this stock with long term targets set at 1.5(57.36)and 1.68(59.54) fib extension of 1st long-term impulse wave. 50/200d moving averages had a strong crossover. I also noticed price bounced off of Volume Point of Control indicating institutional accumulation at the current level. Objections: Daily RSI is reading over-sold levels as well as tapering of the MACD histogram, these won't mean shit if a major resistance like 34.47 is broken. I would give about 60% conviction on this trade currently, 70% if we can break 32.05, 80% conviction if we break 34.47.
NYSE:SPCELong
by GeneticHustle
7
SPCE 🚀 News - Breakout trade !!Hello Trader, good mood and profitable trades ! SPCE Virgin Galactic Holdings, Inc 1D chart Long Falling Wedge breakout - bullback trade Fib channels MACD - bullish cross Trigger - Waiting for bullback- or bullish confirmation on LTF 🎌 SL - if price falls back in falling wedge or under 0,618 retracement⛔ TP - falling wedge target,0.382 and 0.5 retracement 💰 FUNDAMENTAL : Virgin Galactic succeeds in manned space flight 🚀 www.nasdaq.com I would like to mention that all I post are just options and my own opinion ! If you like my posts smash the like👍 button, comment or follow me. Thanks for reading my ideas, Trade save!!
NYSE:SPCELong
by TR7z
6
SPCE: Playing the GapsThis chart shows recent gaps with more than 20% in magnitude and what happened next within 1 to 3 months afterward. In average, we have seen about 65% upward movement in that time frame. One interesting fact is the decreasing timeline as the stock gains popularity. The first gap took 125 days, the second gap took 49 days, and the third gap took 22 days to max out their potential. Also, the percentage change also increase from 63 to 65 and 73 over time. So will latest gap on May 24th 2021 max out sooner than 1 month and will it go higher than +73%? We shall see if the history of SPCE breakaway gaps keep repeating themselves.
NYSE:SPCE
by MarkitMaven
1