SPCE
[SPCE] Launch is a SUCCESS... Profits Now Orbiting My Wallet!Follow along on this 14D SPCE Launch!
What a beautiful takeoff from our green growth trend fractal all the way up to exactly KISS the third growth fractal iteration.
I dunno what it is about this stock but fractal theory has now called two peaks exactly on the nose:
I think SPCE will follow the market back down but I don't think we'll ever see the Value Channel again, gotta keep revising that one up, bottoms just going to get higher and higher.
Here's some OG #chartporn...
SPCE - Support and Resistance - Diamond Performance Cubewent right by the original cup and handle targets on the squeeze.
[SPCE] 56 Likely MAX Peak... May Need One More Landing First!We're still well below there it may fall short but it's unlikely to go over.
Thinkin we probably get a retrace back to purple after this runup.
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 retrace before achieving the next levelI am targeting a 28.00 entry on it. Then a hold to 62. Overall bullish. Think they have a flight in the second week of Feb that could catalize next leg up.
SPCE - Diamond Performance Cube - Potential Bull Levelsmay need to see a cool off period, watching for bull pennant pattern. @daweizhang0202
SPCE - DPD Update - Bull Break EditionWorking through the .35/.382 zone of the upper channel - strong move.
SPCE - Lakes and Waterfalls - Diamond Performance Dashboard. Market completed the V-Shape recovery after the technical correction, cooled off the Calls for a few hours. Scouting volume on SPCE .
SPCE - Diamond Performance Cube - Cup and Handle Confirmedtop of channel resistance - .5 upper channel support.
Long Bullish SPCE - Fundamentally, I'm bullish (long position) on this.
With the mothership flight test success, and the hope of spaceplane future flight test
could be a baby step heading in the right direction.
Additionally, the recent SpaceX news could also pump all the space industry.
However, TA is showing an island reversal at $29.2 areas (potential for gap fills).
Over 34.8 for a call tg1 36 tg2 37.5 (daytrade)
Sell loss -20%
Very clean and setting up for a moveFollow me for clean charts. if we can get above this blue line be on the lookout for this to take off to the 50 area. SUPER CLEAN blue line is trigger
How to trade this and my trade idea around this will be covered in tonight's free trade idea webinar hit the link to sign up us02web.zoom.us
SPCE - Cup With Handle (Etoro Portfolio)Weekly price started uptrend cross above MA30.
It has forming a cup with handle pattern (handle below the line), price is just breakout.
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SPCE breaking outWhether you say we are emerging from a Cup and Handle which is surely the case, or we are breaking out of a Triangle it doesn't really matter. All that matters is we are going on a ride up :)
Cup and Handle on SPCEHuge cup and handle forming on $SPCE, also, a pennant at the top too. Waiting for more confirmation wether it be a fully handle formation or a breakout of the pennant. Play accordingly.
SPCE Minor Wave 5After a extended wave 3, SPCE wants to head higher for wave 5 to finish cup pattern. Watch for $35-$36 level for sellers to push price down. Relative volume has been steady the past couple of days. Count is invalidated if price breaks below the $29.60 support
Breakout of Symmetric Triangle on SPCEVirgin Galactic has broken out of a very large symmetric triangle on the daily and back tested it, which I almost missed. Based on the measured move of the break out, we could expect it to reach the 88.6 retrace, but just in case, we'll have profit taking levels at other fib lines. This one could take a while to play out.
[SPCE] BLAST OFF! Coming Back for Another Landing ThoughIt's not even fair, my SPCE fractals just hit on point every time lol.
Literally bouncing exactly between my purple downtrend and green uptrend lines back and forth for months B).
I rebought the entire 50% stake I sold off at ~33 from last spike at ~25, didn't sell this time though. Would have been nice to catch that peak today, just hard to nail the timing and know the momentum but based on the downchannel catching Price and holding it strong I'm expeting reversion and another buy opp before we get back to the top green line.
Decent chance it breaks through and holds but I think this is just temporary ARKK Space ETF FOMO.
$SPCE needs to refuel before the moon mission. Short scalp.SPCE ran up on exuberance on the mention of ARKX and was rejected at the double top. It needs to cool off and refuel. Gap fill likely, short with tight stop loss.
Markets look troubling for coming week.
PT: 27.6, 25
Buy order: 21
Bullish long-term.
