SPCE opens commercial ticket salesCustomers can make an initial deposit of $150,000 from a total cost of $450,000 for a 90-minute spaceflight, which includes “several minutes of out-of-seat weightlessness,” the company said.
My price target is the $14 resistance.
Looking forward to read your opinion about it.
Branson
Spotted a "Branson Giving the Finger to Shareholders Pattern"This is just for fun lol
Filled the gap though and if you like to gamble, it *might* have found support. Hard to say when a Spac is bottomed these days though.
VIRGIN GALACTIC - Space Flight Completed✔️👨🏻🚀Unlike English football not coming home and shocking the world with the racist attack on the poor sidelined bench players (go short on Southgate...), Sir Richard Branson 💂♂️🇬🇧 took England to outer space and back home, safely and in pure British style.
This is history in the making, the billionaire and visionary making his dream a reality and promoting his business in the best way possible.
Big BRAVO and a lot of LOVE and admiration for Branson and Virgin Galactic . Not sure if he had Italian pasta and a glass of Amarone when back home.. Forza Italia, well done.
Our chart also proposes a strong buy.
the FXPROFESSOR
update on cup and handle prediction I posted last weekI posted on this last week. I is really looking like a nice cup and handle is forming. With the great news out today and with the high volume and anticipation I think we are going to continue to trend upwards with pullbacks along the way. By Febuary we could be looking at $70/share.
SPCE - Time to reach new All Time Highs!Hello guys, thank you all for tuning in!
I am going to divide the analysis into 4 parts, so we can go deeper into the trading idea!
Technicals:
- The price completed the Cup and Handle pattern on the 1H chart and went from 34$ to 44$ and even higher.
- SPCE broke through the Daily Triangle shown on the chart with enormous volume and the next target is 50$.
- The pullback is to be expected to 40$ - 30$. The price has soared too fast! The RSI is overbought on the 1H, 4H, and Daily charts and we have a Divergence.
- After the pullback, the Daily Triangle pattern has a target of 70$.
Fundamentals:
- ARKX is the new Space ETF, created by Cathy Woods. It had a huge contribution to the jump in price.
- There are many rumors about SPCE being included in the ETF. Cathy has been aggressively increasing her position and believes in the company Long Term.
- SPCE is most likely going to be in the top 3 positions of ARKX, so this will drive the price even higher.
- The problem with the engine has been identified and is going to be taken care of. A new test flight is to be expected in February.
- There are going to be a few more test flights driving the price up.
- Somewhere between March and April, Sir Richard Branson is going to fly into space and be the first Space Tourist. This will be huge for SPCE, the target will be 100$.
Conclusion:
Virgin Galactics is an extraordinary company. They are creating a whole new industry of Commercial Space Travel, so the returns, if they succeed, are going to be enormous.
This stock in my opinion is an extremely Long-Term investment. I would say it is a speculative stock and right now, they are on the right path!
My price predictions:
- 1 year: 150$ - 200$
- 3 years: 300 - 500$
- 5 years : 500$ - 1000$
This is not a financial advice, please do your own DD. I would appreciate the like and follow as this will keep me motivated to post more trading ideas!
Feel free to share your trading ideas or add something to this idea in the comments.
See you guys on the next trading idea, take care!
SPCE - Time for the next big move!First of all let me start out by saying that I believe that Virgin Galactic is an amazing long-term investment company, it is first of it's kind and it is start a completely new industry of space travel. Short-term things are at a key descision point. We are moving on the 1 hour chart inside a small channel, that we are most likely going to hit it's resistance and from there on we will either bounce back to the bottom of the channel which will result to drop to around 20$ . This is where it is the best long-term buy price, where you will be good to go to buy and hold for the next few years and even longer to just enjoy the huge returns. Otherwise, if we break the channel and go above 27$, we should see the price to atleast 35$ which would be the hight of the Daily triangle. On that price we are again going to have to wait for the price to decide if it will leave the triangle and go to 60-70$ or it will not break the resistance at 35$ and it will retest once again the lows of the triangle to 22-23$ and then go for the 60-70$ price. Either way, this stock is an absolute gem right now and even at 25$, if you buy and hold it's an amazing position for the next 5-10 years and longer.
SPCE Bullish Breakout: The Beginning To New Highs (IMO)In my opinion, SPCE is a lifetime stock. I'm just happy to be young and alive at it's IPO. I'm holding shares and I believe in this company. I DO believe we're bullish from here, no reason to fall back to $10-$15 again.
• Disney executive appointed new CEO is legitimizing the company as "this is real"
• Ships are almost ready to go
• Branson is first in line to go to space (I'd be second if I could)
• We're on the backside of COVID - this stock could held highs and already moved higher if we didn't have the market crash
• NEW bullish activity happening now and VOLUME is picking up
• Cabin reveal is coming up at the end of month
• Hundreds of preordered tickets confirmed and thousands in reservation mode (over 100 million in possible sales already)
THE FUTURE POSSIBILITIES
• tickets get cheaper
• Disney creates a "space world" in partnership with Virgin Galactic (zero G simulation rides, education/inspiration rides, best planetarium you've ever seen)
• interplanetary travel made much faster - Atlanta to Tokyo in 2 hours with new ships (this is actually already being planned)
• VG ships are already compatible with current international airports (no special runway or launch pad needed)
• other space and research partnerships with medical companies, NASA/government, satellite companies, etc
Buy and hold forever!!! This company could be the only stock you'd ever need to own. Imagine, $1000 price point in 10 years, with 1000 shares = $100,000 average profit a year. If you want to go to space, like I do, hold at least 250 shares and in 10 years they might be worth $250,000 and you can easily buy a ticket then. Bless!
Friendly reminder: All of this is my opinion. I do hold shares. Please invest wisely.