SPCE
$SPCE to Uranus?$SPCE very speculative stock but upside is enormous. Weekly chart suggests a breakout is possible with both MACD and Stochastic crossing up
Keep in mind I am not a financial advisor and this information is strictly for educational purposes only.
SPCE lookin for another leg upSPCE forming ascending triangle, could break out and go up or could fail and sell off.
SPCE - Watching for a reaction to the 1.618 Circlein this experimental design price did appear to curve with the .618 fib circle - looking to fade the move if we see market consolidation, a gap-up would provide the best risk/reward
SPCE To the Moon or Fake Out Breakout?Will SPCE make it to the moon or is it another fake out breakout???? In analyzing the 2 hour time chart for SPCE you can see that it is teetering the oversold area yet the MACD is still in a bullish uptrend with no sign of change in the trend so that is promising for SPCE. If the bulls can push this past prior resistance of 21.70, SPCE will certainly head in the direction it is intended to go... straight to the moon. If the bears sneak in and steal the spotlight, fake out breakout. Since March 23 (COVID fear) SPCE has been trading in a rather large spread of 14.51 to 21.70 only breaking resistance shortly from July 16-Aug 4. With fear of the second wave of COVID-19, let's hope SPCE can prove this is a COVID proof business model. Space travel is a reality and is only in the beginning stages but once the first flight goes, I feel this stock will be unstoppable. Gravity proof with no bear able to drag it down.
Short itGoing to test 15 again, if succeed we can go vert low. Still bearish. For now in order to go bullish we need to close above 16.5
VIRGIN GALACTIC aka SPCE is reaching an apex, will it launch?Hey everyone, today we're looking at a longer-term stock that has the potential to get exciting very quickly. I'm really liking how the fundamentals and the technicals are lining up on this wedge I've drawn, what do you think?
Note the end of this Wedge is targeted by November 2020. Meanwhile, there is a strong catalyst that will have this stock either moving higher or lower, and one should be watching this wedge pattern alongside the news:
4 days ago this report came out:
The flight will be the first of two that the space tourism company has planned to complete testing of its SpaceShipTwo spacecraft system and should have just two test pilots on board," CNBC's Michael Sheetz wrote.
"Virgin Galactic said last month that the second test spaceflight will then have four 'mission specialists' inside the cabin," Sheetz added. "If both test flights succeed, Virgin Galactic expects to fly founder Sir Richard Branson in the first quarter of 2021."
If you aren't watching SPCE right now, it's probably a good time to buy and then watch your indicators. I'd hate to miss this, but it's a high risk, high reward trade and so one should set a stop-loss according the the wedge and use the fundamental news as an indicator to match against the future candlestick pattern.
Good luck and happy trading.
Disclaimer: I am not a professional, nor do I claim to know what I am doing. I chart for my own education and revealing potential trade setups. I am always open to constructive feedback and resources that you can recommend to "up" my game. Thank you!
SPCE: Really Slowed down.NYSE:SPCE :
Ownership: I own some far-out options for (+3 15JAN2021 20/40C)
Details: REALLY slowed down on us. News doesn't seem to be moving it much. ATR has fallen all the way to 1.02. I still feel good buying $20 leap Calls, but nothing short term.
[SPCE/SPX] Relative Market Value: Exploring the Stock UNIVERSE!TView makes this kind of thing super easy and the results are astounding.
Under the green upchannel is great value and Price is unlikely to close under the red line on the 1W.
Happy harvesting! B)
[SPCE] Launching to the MOON: Follow the Dashed GREEN Road!Mostly cosmetic updates for funzies and some bigger picture on this for you all.
Never gonna close below $10.50 on the 1W again.
Under white dotted line Price is likely to bounce back quickly... fantastic value.
Magenta is the current Value Zone.
There is what looks to be a decent fractal from the end of 2019 that may be playing out here at about 4x the scale. If that does come true, it would mean we drop down to the red line soon for a few weeks before we skyrocket again. That would align with an ensuing market crash and earnings FOMO blast off.
Lets see if it plays out! B)
$SPCE ; easy decision here, bouncing off support (Target 22-24)SPCE is bound for orbit, test flight will catalyst this thing propelled by the short float % which is 25-60% im seeing varying per site...but regardless even at the lostest 25% short float...thats enough to squeeze to the moon. It was about to rocket off up until last Thurs/Friday slowed it down a bit due to the gravity flux capacitor of the weak hands grounding it back to earth...those dummies...i averaged down, and today i averaged up my calls. Holding 20 Jan 2021 $20 calls. expecting to see 300% returns before I even think about taking partials.
Also post my trading ideas on twitter:
Chasing Tendies @T123Jonny
$19.23 is our target for SPCE! Let's go#SPCE $SPCE $19.23 is the target. Looks like this could be bottoming out. It is heavily shorted so let's see if we can squeeze em. We are ready with our long call options and will accumulate
SPCETF: D
SPCE is trading at the bottom of the trend line, price may move higher from here to the 0.618 level.
SPCE - Long, Target $19.60SPCE
Entry now $17.10
Stop loss: Hold tight
Take profit $19.60 (May take it in this week)
Disclaimer
Flat Top Breakout SPCESPCE setup really nice. Would go long on a high volume breakout bar above 17.09. Daily chart also at support. Extremely strong.
[SPCE] Space Treasure Map: Nearing Floor Again... LOAD UP TIME!Time to get back to my roots B).
I'm in 3% at $15.90.
I decided not to cash in on this last FOMO at all mostly because I thought it had a real chance of breaking to new highs. I sometimes cash at the 50% mark for whatever stocks but the ones I really believe in for the long term I'll typically wait for at least 100% ROI to begin taking profits and load those same shares back up over time at a nice discount when possible.
Anyway, we've now been gifted with a nice pullback and great time to load up more shares.
Anything around and especially under the green line is still great value here. This will pop off sometime this year or next and is perfect for any FOMO riders out there who are looking to play some intra-year multibagger swings. Next earnings is probably the most likely catalyst here.
I would still love to get in around $12, which was the target in my last SPCE idea before this recent FOMO. That basically is represented by the middle red line here. I really don't expect it to fall much below that but anything under is fantastic value.
Maybe one day the market will tank and accelerate us well below the green line...
[SPCE] Edge of Great Value Range... Support Retest Holds!$17 is the strongest AT S/R followed by $15.
That's the sweet spot people if it can make it down, lets hope for some action in that range.
