MAXR Cup & Handle + Fibonacci Bounce?!WEEKLY CHART
- Cup and Handle pattern. The handle needs stay above this level.
- Needs to bounce around $25.40. (.65 or .618 fib level)
- Zacks Investment Research Upgrades Maxar Technologies to Buy. (3 weeks ago)
- NGA Awards Maxar With G-EGD Contract Renewal For Mission-Ready Satellite Imagery (Valued at $44 million. This is the second of three option years for the contract, which has a total value of up to $176 million.)
Dislike:
- Volume is getting weaker.
- Earnings on 11/3.
-----------------------------------------> I like MAXR $40 Call 4/14/22 <-------------------------------------------------------
Space
FAA Investigation and Commercial Mission for Italian AirforceSPCE switched from vertical growth and fall to sideways accumulation. SPCE tends to grow massively on News, yet fall in the absence of any. It's probably due to the emotional bond to space research many people & investors have and all of us want to see SPCE succeed.
Their main advantage is efficiency. The plane-like runway take-off burns less fuel, so does the feather-like descend. SpaceX, Blue Origin, and other potential competitors use rockets with a vertical start. A disadvantage is that they only approach close to space without getting actually there.
My first two analyses on this stock were turned out to be incorrect as I expected FOMO to be bigger after I saw what happened to GameStop. A third one expected a drop to high liquidity and a sideways action until a significant event takes place. A temporary bottom was created according to the expectations. A last one marked area of liquidity where we are right now.
Today, I would like to mention two events that might influence price but are unlikely to be anywhere close to Richar Branson's personal approach to the border between Earth & Space.
CNN: Richard Branson's flight to edge of space is being investigated by the FAA (Sep 2)
Apparently, the ship was knocked off-course during the parade and Federal Aviation Administration didn't like the red lights in the pilot's cabin either. The course was corrected quickly after realizing that.
It's one of the disadvantages of flying planes as opposed to rockets which would get less influenced by the upper atmosphere winds. I think FAA won't stay in the way of progress and it's probably nothing serious. If they didn't figure it out, Branson wouldn't join the crew in the first place. Also, I don't see FAA staying in a way of the progress of the most fuel-efficient company in this field.
Virgin Galactic: Virgin Galactic Announces First Commercial Research Mission (Sep 2)
And I thought that's what Virgin Orbit is for. Anyway, it's a mission from the Italian air force and the goal is to measure bodily functions such as heart rate.
Why neither positive FAA investigation outcome nor success in the research mission shall bring comparable rally? Neither is as exciting as the company founder flying to space himself. They have already proven, they can do it. Lastly, the public stream is what attracted so much attention to their previous event.
SPCE should return and exceed its previous highs but not until they start putting tourists on board. Hearing some of Branson's ambitious plans, I expect him to release even more shares to raise the company's capital by then like he did last time. It's best to invest now and take profit before a company decides to start building new ports everywhere .
SPACE - $SPCE Ready For TakeoffGoing with an aggressive approach on this one, but $SPCE looks ready for liftoff at the moment. Currently have the stoploss set at 10%, but if we drop 5% from the current levels we're looking at picking up more. Looking for a +50% on this on this one if we can break through $30 level. We've been stacking between the $23-$27 range. Going with pure TA on this one and haven't really focused on any fundamentals at the moment. If we can break a 15-20% return we'll adjust our stoploss to secure profits.
Cheers!
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$ASTR Eyes On The SkyThis week ASTRA or ASTR will be launching a test rocket for the United States Space Force delivering its capabilities over other companies like Rocketlabs, SpaceX, and more. Astra had many failures, but was able to achieve orbital launch, so this Friday starting at 1pm pt time they will have a window open till September 13th to launch the Rocket.
News
-Too many, but many contacts with Space Force, DoD, Nasa, and others
-Got license to launch from Kodiak till 2026
-First commercial launch starting Friday with 2 more planed by eoy
-Building their manufacturing building for satellites
-Their monthly rocket will be ready by eoy
TA
-Roughly at 9.50ish there's some circles you see. These represent past resistance and support from Mid July till now
-VPVR levels have built up at 10.62-11.25, which at current pricing is a 16% move to the upside at max
-Other key zones or past targets I had from Holicity or $HOL hits at $13.33 and now $16-$18
-RSI trends down and lends bearish
-Macd is folding up to show bearish movement, but could bounce back bullish
-If the current price falls, next target is $9
Final Thoughts
I'm bullish on this stock and this week we could see the $12 again with prime target of $16-$18 before the launch. This is a high risk stock, but its development as pushed forward and with recent $SPCE and $VECQ news I will be remain bullish on this stock over the others.
Time to Buy #SPCE - Ready to Go UpHello Traders,
It's time for this stock to go up, if everything goes well, i expect a short term up at list (if Sir Richard Branson dont use his ATM) (it could go down after, max between 18$ and 20$).
Flight will not start before 2022 but, sales started at a higher price and a test flight (paid) is expected in late september.
- Virgin Galactic reopened ticket sales with prices beginning at $450,000 per seat (before it was 200 000$).
- The space company now targets late September 2021 for the mission called Unity 23 - company’s fifth crewed test flight to the edge of space.
NYSE:SPCE
Jump into the Rocket or Stay on the Ground !
This is a long Term opportunity for the only and the cheapest (near) space travel.
NEW Opportunity to go into #SPCEGetting rid of your FOMO is the key to making more money than your peers and I'm going to show you how.
Be honest.
How many of you chased the two pumps in SPCE ?
Statistically most of you.
How did I know that this spaceship was going to crash and burn in the short term?
Psychology.
History repeats itself and this was one hell of a history lesson.
At NTS we created unique techniques that HEAVILY revolve around psychology.
Why? Because we study people and people move the market.
YOU need to know this stuff so you can raise your status in life and finally demand some goddamn respect!
We have multiple testimonals, data and ideas to back this up. (We called the TSLA and BTC tops remember).
YOU are skeptical because you have been burned in the past or you have a fear of being burned in the future.
That is fear talking. An emotion that can be used as an energy enhancer not an energy drainer.
It is NOT your fault there are many scams out there but it is your fault if you fall for them.
With talks of amazon wanting to buy bitcoin volatility is increasing. Luckily for you we are on the way up but understand this, that train is leaving the station and time is running out.
I for one am sick of fake guru's because I was once in your shoes and now is the time to take the fight to them, by making stronger trades and leaving no doubt who is the best.
This chart will most likely turn bullish a lot lower around $10.
Why? Only one reason.
A lot of liquidity below 30 created, price will likely followSo far Virgin Galactic was an abysmal investment for me. Although I bought CFDs low at about 24 and sold a lot higher, I started buying shares up there and the price dropped. Anyway, I am planning to buy some more shares between $20 and $25 if the price gets there.
Why am I planning to buy when I am already exposed to SPCE? - this company has good prospects for the future. Virgin Galactic is doing its thing more efficiently than Blue Origin. The vertical start is very inefficient and even though it gets Bezoss' New Shepard higher and into actual space, I don't think the people will care that much. As long as they can see that the planet is an oblate spheroid, they will be happy with the experience.
Space tourism might be somewhat threatened by the green activists who think that it will damage the environment too much. Activists are often just political pawns who didn't do their research, so I see how they may be drawn to the logical conclusion that space tourism is bad. But that doesn't make it true whatsoever for a number of reasons I won't be getting into on a Trading platform.
Another threat that might look to be relevant might be posed by socialists/communists on Twitter who know best how to spend someone else's money. Fortunately, they seem to be numerous on Twitter but in the real world, they are outnumbered by the people who see our future in space. Wright brothers who invented airplanes might have also faced people who would say 'Why don't you make bicycles for the needy instead? I don't think these "experts" will be able to stop technological progress.
Why do I think the price has a high probability of reaching for these lower prices? - if there is any blatantly obvious market level, both stop orders will be there! In this case, there will be stop-losses of people who hold longs and who own real shares. There could also be stop-market orders of those who think that this company is a toast (not in this case probably). Anyway, that is the only place where the institutions can open their large orders.
When they want to go long, they need someone to sell to them! It will be those who had stop-loss orders there. As much as I expect Virgin to be a prosperous company in the future and with their commercial (almost) space flights starting next year, I think we will get a good price for the last time in the coming weeks and months.
SPCE Buy HERE for long term gainsWe most likely will create a giant weekly M pattern before breaking out strongly to the upside. This pattern is going to take a long long time to play out so set your alerts at $15 and forget about it.
In the mean time there will be bounces and drops for short term weekly option trades.
Space is hot Looking for accumulation momentum to carry VACQ to the 1.61 fib of current range.
Alternatively, we could range through this accumulation zone for a while longer. Key fib levels marked
SPCE: A chance that comes once in your lifeExtremely focus on chart details, please. We all can be reach if we dealt with what will happen on the 11th of July wisely
Massive run ahead, be wise, and aware of your resistances, take care!
TP1: All-time highs level (recommend you to hold because it will be weak)
TP2: 65$ (sell 50% then add above 70$)
TP3: 90$ (sell 90% of your shares, and just hold 10% till 100$)
SPCE - It can into spaceSupport very significant and visible.
It bounced(the last low) and now is going up with the support.
Indicators as often : RSI+MF, Divergence, MAs, MACD. Possible reversal to bullish.
Buy zone 28.70 - 30.20
Stop loss 28.50(~5%).
1st PT - 36.00
2nd PT - 42
3rd PT - Moon
4th PT - SPACE! :D
$SPCE red to green possibility today @AOTtradesIf you're not already in this name they're maybe an entry possible with a red to green open this morning, this will give you a nice risk to reward with a stop at the LOD.
Let this name crave in a morning low then look for a R2G move if we get it. MASSIVE VOLUME bar on Friday, I was impressed with how well it held in there yesterday after such a big day previous, this could be a sign of more gains coming from $SPCE in the near term.
Hope this helps
FAA Expands Company’s Commercial Space Transportation LicenseFAA Expands Company’s Commercial Space Transportation Operator License To Allow Carriage of Space Flight Participants (source: Virgin Galactic website, 25th)
Most rocket factories are of military nature. Then, there is SpaceX, Blue Origin, and Virgin Galactic. But it is only Virgin Galactic that focuses all its efforts on space tourism. Thereby, the importance of a new license carries incredible importance.
As you could see, I've been longing since 25.63 For all investors believing that space exploration is the future of humanity, Virgin Galactic is currently the best pick. SpaceX is clearly ahead of all but is not available for public trading. Other potentials such as Boeing keep the space lower as the priorities go.
Although Virgin wants to do tourism, they still collect data for NASA & lift up satellites to supplement their income nicely. In fact, I believe it was two days ago when a flight was pre-planned to happen originally (LauncherOne mission), but it is eyeing the first week of July now.
With nice news between Thursday/Friday sessions and the first launch to be streamed live, this company is likely to remain bullish for a minimum of two next weeks.
However, entering the market might be difficult as high volatility will cause frequent overshoots and stop-outs. Hopefully, there will an opportunity for late investors to enter as I believe reclaiming of February highs is just a matter of time.
Good luck!
ASTS has broken out!As predicted ASTS broke out and is on an upwards swing gaining ~20% from the bottom. A lot of this hype today is due to the SpaceX launch and flight success however this is only the beginning to the growth we will see in this stock. We are patiently awaiting on news of further business deals that the company has been working on and is expected to release publicly soon. This will be the catalyst sending the stock to my current target of ~$12 a share with further potential in the coming years. This stock could be a true gold mine with the growth in the Space industry and the possibility of being picked up by the new ARKX ETF would be another great catalyst. I am very bullish on this stock.
This is not financial advice and for educational purposes only.
Thanks for reading everyone, happy trading!
Virgin Galactic.We'll probably see them on the news.Virgin Galactic.
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.
Virgin Galactic is an American company that is part of the Virgin Group and plans to organize tourist suborbital space flights and launches of small artificial satellites. In the future, the company plans to offer its customers orbital flights. Virgin Group is an international conglomerate of companies founded by British businessman Richard Branson.
SPCE BoundWith the weekend around the corner, the RSI peaking, and the Fibonacci convergence... I expect we’re going to see a slight pull back towards the support zone around the $30 mark (38.2% FR)
Going into next week, after finding our support zone, I expect we’ll be on the climb to find the next resistance zone at around the $45 mark. (61.8% FR)
Trading Idea - AAC #ClydeSpace (mid-term/long-term)BUY
ENTRY: 2.285 SEK
TARGET: 2.910 SEK (27% profit mid-term)
STOP: 2.130 SEK
AAC Clyde Space AB, formerly AAC Microtec, is a company based in Sweden, which is mainly active in the aerospace industry. The company operates as a provider of space solutions and systems for state, commercial and educational purposes.
1.) The current zone represents a good entry point for investors who are interested in the company over a medium to long term period. The securities is near the support at 2.00 SEK - calculated on weekly rate data.
2.) The predicted growth for the coming year is one of the strengths of the company.
3.) The financial situation of the company looks excellent, which gives it a considerable investment capacity.