Virgin GalacticVirgin Galactic in downtrend since printing the lower high in June.
Strong Support at $14 which may play a support again and long opportunity.
Good luck for everyone.
Sam.
SPCE trade ideas
SPCE (Virgin Galactic) Shows a Bull market📈The smoothed moving average, on a weekly range $SPCE (Virgin Galactic Holdings) shows a Bull market .
📊Let me remind you that the transition to a Bear market means the transition of the 48 days moving average for the 72 days and 120 days, a complete reversal.
Personally, I determine the market trend by three smoothed moving averages. Of course, you need to look at all the indicators and the news background at once, but anyway, what is happening.
📌The high-volatility of the Virgin Galactic stock market is associated with the uncertainty of investors and the novelty of the space industry.
However the industry is very promising and you should not pay attention to local events in the long term positions
Virgin Galactic is the company of the future.
The space industry is developing very actively, and I think it will develop very quickly. The speed how the space industry will enter our daily lives can be compared with the development of the Internet in the 90th.
We already now see such trends, from the success of Elon Musk and the high rush of open companies around the world, involved in the space industry.
Virgin Galactic has an exciting future, and the company already has an experience in spaceflight with their founder Richard Branson. Sir Richard billed the flight as a test of the space-tourism experience he expects to begin selling to customers from next year.
Therefore, delays and put-offs of flights are just a technical issue, solving which the shares will go to the moon. Now is a very good time at the start of the industry to add Virgin Galactic to your portfolio.
SPCE - Crash and BurnSPCE may have bounces here and there, but is ultimately going to crash and burn to ~$5.
Weekly RSI has accelerated to the downside
Monthly RSI is forming lower highs and lower lows.
That being said, I'm not shorting here with Weekly RSI about to hit oversold territory.
On the other hand, there are still youtubers calling for this to be a $100+ stock soon, so there's some hopium left
Virgin Galactic.Continuation.Disclaimer/
On average, 90% of all stocks move down with the market, and 75% move up.
The wave principle applies to some extent to individual stocks, but counting the waves for them is often confusing and does not have much practical significance. But since the company has a large capitalization, we assume that the state of the shares depends on the psychology of the masses.
To the Moon ! Not Yet.When there are new technologies never be the first nor the last to enter.
This is the story of a very good company that is way ahead of its time and attracts a lot of investors because of the innovation. However, it's still not a profitable business. The space tourism is in its infancy. Richard Branson is one of the pioneers in this industry, and I'm sure the space travel will be an everyday thing in the future, just not today. Today it's just a momentum stock that doesn't have an objective valuation, its value resides only in what the market wants to believe. This is pretty much like Tesla, in the beginning, a "Cult Stock", that must attract more investors who believe this is the future and be willing to pay a future valuation today.
In the here and now what we have are the following technical metrics:
1. Downtrend . The Madrid Ribbons bluntly show lower lows lower highs right from the 50's to the point where it reached its IPO levels.
2. Momentum . Downward momentum, no reversals, no divergences on sight so far, it's just heading downward with a negative momentum. Negative momentum + Negative trend => Bears are in control.
3. Volume . There are two important volume points, on May 2021 the bullish volume increased after the first rally was over, this means that at the 14 level the bulls stepped in and took this stock from 14's to 50's, with a whooping 250% profit. However, when it was reaching the 40's level the Bears stepped in (sell on strength) and on May 2021 they started a distribution process and posted a sign "Bag holders wanted". So far the volume hasn't been as big as it was back then, it has been at an average of 20M, 1/10 of what it was at the peak when the distribution started. There are no signs of capitulation volume, probably because of its slow motion bleeding and because the bears haven't covered their shorts yet. This stock is becoming a Meme stock candidate.
4. Vectors . The directional vectors point down, and there are no divergences. I have to point out that on the distribution area there was a negative divergence, on July 2021 a tiny dark green peak showed up. This signals the end of the uptrend, which confirms the bearish volume seen at the top. An attempt to regain the control and find a support was made on August 2021, when the directional vector showed a strong solid lime green, unfortunately for the bulls this was just a bull trap and the support at 30's was broken. From that point on only LL-HH and this is where we are at now.
5. It's Lowest Low is at 6.90, if this last support is broken this may turn into a penny stock.
Conclusion . Space travel is the future, just not now, this industry is in its infancy and it has a long way to go until the space tourism becomes affordable and the business can be accessible to be masses.
Be flexible with your expectations, and rigid with your rules. People go broke when they are rigid with their expectations and flexible with their rules.
Virgin Galactic Major Shark SetupMajor shark pattern setting up here month bullish divergence near a critical support range has just been dumping for months now so lots of build up --
Push play! See you at $50-$60 in a few months :)
Spce emergency landing on 1.24 Fibo
from technical point of view, $SPCE crashing may continue and land on 6.90 as historic low and it may squeeze to 4 as technical target, the volatility average 5-8% per day.
after going to space Virgin Galactic has come back down to earthAfter going to space Virgin Galactic has come back down to earth, both literally and figuratively speaking for it's share price action. On July 11, 2021, Virgin Galactic successfully completed it's first fully crewed spaceflight. On August 2021, it opened sales to the Spacefarer community. The Company announced a target of 1,000 reservations prior to the launch of private astronaut commercial service. Approximately 700 of these 1,000 have been sold to date. On October 14, 2021, it announced the beginning of planned vehicle enhancement period, aka no immediate term revenue. Virgin Galactic (SPCE) earnings are on 1/7 at 4:05pm. I'm not expecting SPCE to go to the moon, but I did take advantage of this awful share price value and started a small speculative position through further dated options contracts. Here's the price levels on the 1 day chart.
Q4 December 2021 Consensus:
EPS = -$.43
Revenue = $1.5M
52 week high = $62.80
52 week low = $11.30
SMA200 = $25.19
SMA150 = $25.44
SMA100 = $20.02
SMA50 = $16.20
breakout = $16.90
R3 = $15.98
R2 = $15.05
R1 = $14.13
pivot = $13.20
S1 = $12.28
S2 = $11.36
S3 = $10.43
breakdown = $9.51
Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends...
*3x lucky 7s of trading*
7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet
7 Common mistakes:
+5% portfolio trades, capital risk management
Beware of analyst's motives
Emotions & Opinions
FOMO : bad timing, the market is ruthless, be shrewd
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors, no adaptation
7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big, organized desk
Reading books, playing chess
Sorted watch-list
Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
TTC - trend channel
AlertiT - notification
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Buy $SPCE - NRPicks 23 DecVirgin Galactic Holdings, Inc. an integrated aerospace company, develops manned spaceflight for individuals and researchers in the United States. It also manufactures air and space vehicles.
SPCEEveryone's cursed paper. It may give a rebound. Why? New Year rally and divergences on the daily timeframe and at 4 o'clock
(p.s. in the ass is a hype, it's better not to trade it)
Space going a flight to the moon?Space has got a couple of gaps to be filled at $24 and $31. So there is high potential for a 100% move quite soon.
There are strong upper resistance levels at $75-90 which may be tested on some very good news.
The RSI is showing bullish sentiment as it did in the prior drop with a triple declining RSI retracement support.
Furthermore, there is a double bottom suggesting a general reversal in this correction -this has a price target of $19.
Have a great new Year.
SPCE pump and dump incoming?Sold some 12.5 puts. This stock always pumps and dumps on news. There won't be any positive news shortly, but market and this stock is oversold. Let's see if this bounces. If i get assigned i sell covered calls.
SPCEVirgin Galactic Holdings, Inc. (SPCE) might do a trendline breakout soon.
Once it breaks out of the trendline, Expect a 25% move.
Position yourself according to the market and manage risk.
Excited for Virgin GalacticI think this stock has been dramatically sold off and they may have strong fundamentals long term going into 2022. Right now, I feel like the long potential should be there. That said, please invest at your own risk. Any actions you do is at your own risk. This is just on an opinion-based basis.
Falling Wedge- BullishSPCE starting to catch my eye here after selling off for quite some time in addition to getting beaten down amidst all of the intraday volatility. SPCE holding a big falling wedge, buyers starting to step in, RSI finally starting to come out of oversold territory. Additionally worth noting that SPCE has a space flight next month could act as a catalyst.- Bullish and will be looking for a breakout from this wedge (Broader Markets Permitting) - Just some support and resistance levels along with some RSI-based supply and demand zones to keep an eye on in the meantime - Bullish and looking for a breakout from this wedge - (See charts attached in the description below)
- Falling Wedge on the 4-hour and Daily Timeframes
- MACD Cross & Bullish Hidden Divergence on the RSI on the Daily & 4-Hour Timeframe (See Attached Chart Below)
- Small Gap Fill on the Upside Circa $23.03-21.74 (See Attached Chart Below)
- Bollinger Bands Squeezing & Buyer Volume Starting to Pick Up Relative to Seller Volume
PT1- $15.09
PT2- $15.90
PT3- $16.44
PT4- $16.87+
--4-Hour Timeframe--
Long into January, bounce off supportDouble bottom on the hourly chart and daily chart. This support has lasted long enough I'm buying some January calls. Rocket time :)))))))
Spce- Short term outlookit seems as if this stock is following the 21 moving average finely and i might add that a look at the chart in reverse is a little helpful for position building.
TLDR; Spce could hit the likes of $12
Happy trades!!
Buy $SPCE - NRPicks 29 OctVirgin Galactic Holdings, Inc. an integrated aerospace company, develops manned spaceflight for individuals and researchers in the United States. It also manufactures air and space vehicles.
Buy $SPCE - NRPicks 10 SetVirgin Galactic Holdings, Inc. an integrated aerospace company, develops manned spaceflight in the United States. It also manufactures air and space vehicles. The company's spacecraft operations include research and development payloads in space.
SPCE, Shark 30 minNYSE:SPCE
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$SPCE entry PT 15.10-15.15 Target PTs 49-55 and higherVirgin Galactic Holdings, Inc., an integrated aerospace company, develops human spaceflight for private individuals and researchers in the United States. It also manufactures air and space vehicles. The company's spaceship operations include commercial human spaceflight, flying commercial research, and development payloads into space. In addition, it engages in the design and development, manufacturing, ground and flight testing, and post-flight maintenance of spaceflight vehicles. The company was founded in 2017 is headquartered in Las Cruces, New Mexico.
SPCE i think this is the bottomLets go to 50 again. Just added some more at 16.40. My average price is 22 bucks now. Thank you pessimists.
