SPCE Trade Idea$SPCE Analysis #IDEA
Bullish Over: 50.81
Price Target: 54.93
Stop: 49.78
Contract: 02/26 55c
SPCE
SPCE just entered a new SPACE Closing above 37.35 will change the game for SPCE , and it could go up to 60-70 in few months..!
I made the call on this when it was 18 in November and the second call 10 days ago when it was 32, 12 days ago.
Don’t forget to join my telegram channel, it will be free for the first 1000 members!!!
For the address check my status on my profile!
[SPCE] Next Candle Better Be Good or Bye Bye...Hammer candle alert... testing right below some nice fractals.
Tomorrow's candle should bring clarity to the direction we'll take next, I'm leaning short here though.
If we break under these fractals we'll likely land on orange around $40 briefly before the next takeoff (We're not likely to get much under $37 from here).
Not expecting much from earnings either way but keep an eye for any surprise.
Trading could be fun and profitable if you have Strategy..!Review on my SPCE analysis
1st- LONG: Nov 3, 2020, price: 18.45
2nd- LONG: Jan 14, 2021, price: 32.76
3rd- LONG: Jan 26, 2021, price: 42.44
Price soared to 62.8 on 62.80
4th- Short: Feb 17, 2021, price 50.36
IMO: SPCE is not a buy in short term unless closes above 62USD.
Educational point:
1-You need strategy to enter a trade, maximize your profit, protect your profits, and getting out at the right time!
2-Remember only liars enter at the lowest price and gets out at the highest price..!
3-Always trade based on evidence.
Moshkelgosha
RSI majorly oversold!The chart speaks for itself, every time the RSI is oversold, it often laid the foundation for. breakout or immediately after. This shows the blow-off top is coming very soon now! The support levels are 128,126 and the breakout to lead to 10% gains to 143 or go to 140. Warning! I am not a financal adviser and take this with a grain of salt. Happy trading!
I believe that Gold is gonna blow off then jump down.This is an early development but, I believe that since GOLD is in a downward trend in the short term, a breakout will occur but then once it reaches to 1950s, then I expect a drop-down or a continued up. Just a theory. The RSI is in the normal territory, which does not signal it is a blow-off or a blowdown but check the coming days and then see if an up is made or a down is amde. Warning! I am not a financial adviser and take this with a grain of salt. Happy trading!
Breakout if it holds above 130.As you can see from the chart, the RSI is oversold, which means one thing. Breakout season! Now you have heard me say this all the time but a breakout is coming! You can see on every time the RSI has oversold, it has led to all-time highs or breakouts of their patterns. Brace yourself because i bet we are gonna breakout either this month or March and if it breaks below, expect to see support levels at 128,126 and 123. Warning! I am not a financial adviser and take this with a grain of salt. Happy trading!
Virgin Galactic going to Space after confirmationRSI is showing that we are almost ready to take off after a very long consolidation. Once the RSI hits 50 I am bullish
[SPCE] To the MOOOOON?This seems like a decent range with successful launch.
If earnings is great, could keep goin $100+.
hot $SPCE test flight and stock prediction.Despite volatility, the stock is steadily rising and will probably reach 100$ by late March or April.
And if Ark launches the new Space ETF, it is no doubt it will include a portion of VG, which means this stock is going to touch the outter space.
Stong Buy.
SPCE triangle heaven and we had a sneak peakSPCE pulled back to it's major trend line this morning after a brief tease of what will happen soon. Keep you seat belts bucked and hang on. I love cult stocks!! Although I know in the event of a launch of this stock price we will come back to reality or at least in the 30's-40's until the next round begins. GL! :)
Expecting a big breakout from next week or today!AAPL has reached its end of the triangulation pattern. This could only mean one thing, time to collect some tendies! The MACD keeps crossing, which means a bullish move is imminent! The RSI is still in the moderate value range, which means that it can break out as there is nothing pulling it back. Although, if a breakout does not occur, watch the key support levels of 130, 128, 126. Resistance is all the previous all-time highs at 137.98, 138.79, 142 and it's current all-time high at 145.09. Warning! I am not a financial adviser and take this with a grain of salt. Happy trading!
Another Triangulation pattern!There is another triangulation pattern on the 3 monthly chart! A cross on the MACD and the RSI heading to oversold, creating the perfect storm! TSLA gonna MOON! Warning! I am not a financal adviser and take this with a grain of salt! Happy trading!
Why does USD become weaker?(Intermarket analysis)If you are looking at the chart of USD Index (DXY) and compare it with Bitcoin, soon you will realize that from March 20th 2020, USD gets weaker and weaker while Bitcoin getting stronger exponentially.
By looking at the growing list of major companies which accept Bitcoin, it is not hard to identify that US Dollar is loosing the ground to Bitcoin.
What major companies accept Bitcoin?
Major Retailers
Microsoft. Microsoft has been accepting Bitcoin for use in its online Xbox Store since 2014
Overstock. Overstock is currently leading the way in the shopping and cryptocurrency field
Home Depot
Namecheap
Starbucks
Electronics
Sleep, Bed and Bath
Twitch
Virgin galactic
Tesla
From technical point of view: USD has been in bearish Grand super cycle since 1971, when US Government put an end to gold standard. Last year, DXY broke below its EMA 200 and EMA 50 and it’s efforts to close above EMA 50 and trend reversal failed in the last 3 times.
I believe US Dollar is in a position that no one can help it to become strong once again, and accelerated money printing policy just help it sink more and more!
Moshkelgosha(Sniper Trader)
