SPCE trade ideas
$SPCE nearing a fib pivotWave 2/C nearly in. Expecting another $2 of decline before heading higher. Entered 12/31 $26.50 long puts @ $2.38.
SPCE drop 17% after aborted spaceflightSPCE hit the support line at 26.29 if it didn't pass through today it will go back inside the trend tunnel again very soon.
If it passes the support line of 24.37 -> stop loss
spaceflight will be rescheduled soon and will force it inside the tunnel again
Virgin Galactics failed to launch, Buy at 20$Stop loss under the blue trend line, targets 27$, 30$ (Gap close) and 42$ initially.
SPCE Virgin Galactic Ready For Selloff? This is when i told you about the Buying opportunity of Virgin Galactic stocks, at 21 usd:
Test flight failed to reach outer space!
The company said that during a test flight launched on Dec. 12, the rocket motor “did not fire due to the ignition sequence not completing,” keeping the flight from reaching space. (marketwatch.com)
The indicators gave a sell signal on Friday.
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Virgin Galactic The testflight of SpaceShip Two was aborted and therefore the chances are high that the stock could come down.
The priceregion at 18$ acted in the past as significant support and also entails a Fibonacci cluster section. Therefore I am looking out for a trendreversalpattern at around 28$.
$SPCE ShortAfter wave 1- look for a retracement to .618 to support at 28.39. Consolidation until wave 5 and up to $38 +
This is not advice. Do your own DD
we need to get past $36 to see $41.50+ fib levels.
showing relative strength. may be able to keep the momentum going with another launch this weekend (or next weekend if weather cancels it)
Patterns- I sold my portion, not all Will be back when hitting the channel! GL trading!
Short for now.
SPCE - DPClooks like a bit of an inverse H&S on the 30. Which company blew up their rocket yesterday?
SPCE : ...... A SIGN? So, I shorted today at highs, after seeing how cheap calls got I set up a straddle and extended my time frame
I am a firm believer in elliot wave theory & gap fills
charts never lie
seeing an expanding wedge above the 78.6 was honestly all it took to change my thesis
(:
Broke 78.6 retracement, If a break above the 78.6 ext; it will set up SPCE for new ATH's
SPCE is giving me a JKS vibe......
my PT's are marked on the chart!
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completely trading against my macro thesis here
but the chart has a pretty clear pattern now
a break into the 38's will be confirmation that we should see resistance @ about 46 in my opinion..
with this much volatility recently over here I wouldn't be surprised if it happens by EOY
with that being said - FB got sued by 48 companies yesterday.... hahahahhaha, China is now using digital currency- which sets up for deflation in the U.S.
if claims are a miss today I could see another leg down in the markets, which is why I haven't covered all my short yet B)
just good to keep that 'expanding wedge' thought in the back of your mind
Have we reached "A New paradigm" yet?
... give it a couple more days
just a feeling
anyway,
GL!
SPCE Ascending TriangleSPCE launch window starts on Friday. Could be a great catalyst play with this ascending triangle this week.
[SPCE] Fractal Theory is Incredible... Don't Believe? See THIS!Just updated the purple downchannel as a fractaled iteration of my first one and sure enough it aligns exactly, both at the mid point and the top.
I closed 1/3rd my position for >100% ROI, will rebuy more than I sold when it gets lower.
See the OG idea that called this peak exactly on the mufckin money...
SPCE is a Goldmine in 2021 www.virgingalactic.com
Dec 11th is a major deal! This is the 1st of two test flights until they "Have a go!" and send real passengers into space. The list is long with a lot of Billionaires :) at I think $250K a head WOW!
"Before passengers climb aboard the suborbital space plane SpaceShipTwo, the space tourism firm will send at least two powered test spaceflights aloft from New Mexico's Spaceport America, where the company moved earlier this year."
