SPCE
SPCE - LONG SPCE to the moon?
IF, SPCE respects this set up we will see plenty of long opportunities to follow. Looking for confirmation at break of 32.05 and wave continuation to 34.47, trimming positions at that level as we could see a corrective wave but it could also bust through resistance if momentum and price action is strong. If 34.47 is broken you can expect massive moves, especially with the fundamentals/hype behind this stock with long term targets set at 1.5(57.36)and 1.68(59.54) fib extension of 1st long-term impulse wave. 50/200d moving averages had a strong crossover. I also noticed price bounced off of Volume Point of Control indicating institutional accumulation at the current level.
Objections: Daily RSI is reading over-sold levels as well as tapering of the MACD histogram, these won't mean shit if a major resistance like 34.47 is broken. I would give about 60% conviction on this trade currently, 70% if we can break 32.05, 80% conviction if we break 34.47.
TLRY :/wimpy play here, but pointing out the obvious compression after the exponential run up.
We tagged the long term trendline and are bouncing in a corrective ABC structure.
2 potential target zones identified depending on the size of this bounce.
Using other SPACs, Us major indices, and DXY as a proxy for this play, I actually favor the higher targets near $19.
Ultimately I think this compression breaks down, either using the top of the gap or filling the gap as a bounce zone at $10 before continuing higher.
More often than not you actually break out of triangle compression, but sometimes you pierce through the bottom, as I am anticipating
SHORT TERM BULLISH CCIVLooks to be following a flat wave B correction following a very bullish leading expanding diagonal from the huge wedge breakout.
targetting 1:1-1.27 C extension to complete this (assuming its corrective up).
I dont think the overall correction is over, so that's my primary theory which is conservative, defined, and modest for a 15% gain.
I take high percentage trades, and dont expect to hit homeruns.
QS DADDY IS BACKSee you've grown up and learned to be a degenerate just like your pops. not bad.
Give your dad some smokes, it's story time.
QS is one of the biggest shitshows since that time your mother got kicked out of Kokomo's on that Havasu trip.
I know you just read the Intelligent Investor and want to force feed some fundamentals or facts about batteries to me. Save it kid.
your dad has $50 riding on this bad boy, and I'm not going to let you kill my vibes.
The past few months have been tormented by complex triangles and wave five compression.
We love to see it.
It's your time to shine.
Is this financial advice? Are you a motley fool? Will your mother ever be taken off Kokomo's black list?
leverage up cowboy. QS daddy going in.
Market Manipulation, a Conspiracy theory or a Provable fact?Those who run this show using the same technique over and over to benefit from beginner traders' sense of FOMO..!
They are ready before the news comes out already bought their options, and run the show.
look at other examples:
1- NYSE:SPCE
2- NYSE:RBLX
The price pattern and the Price*Volume patterns are very identical..!
Virgin Galactic rocket ready for takeoff!As we can see, Virgin Galactic shares fell to $ 14.5, but over the weekend Virgin Galactic announced the successful launch of its rocket. The tests went very well. Thanks to the news, Virgin Galactic stocks went up. Barring bad news, stocks are guaranteed to rally, but real gains will follow after their first tourist flight.
If you like the idea, subscribe and like it.
Good luck and big profits.
Virgin Galactic rocket ready for takeoff!As we can see, Virgin Galactic shares fell to $ 14.5, but over the weekend Virgin Galactic announced the successful launch of its rocket. The tests went very well. Thanks to the news, Virgin Galactic stocks went up. Barring bad news, stocks are guaranteed to rally, but real gains will follow after their first tourist flight.
If you like the idea, subscribe and like it.
Good luck and big profits.
Clear example of Market ManipulationThis could be done by:
Algorithms
Hedge Funds
Individuals
Most Probable Scenario : Hedge Fund using Algorithmic trading
Trading value at the top of the channel is 11.1 million dollar in both case and happened in first 30 minutes of the market..!
Only a fool would not consider this as market manipulation!
Moshkelgosha
SPCE Virgin Galactic Broken down 7 different ways no indicators You don't need fancy indicators, algos, AI, Bobs approval from down the street, or even that one kid who made 100k and lost it all on WKHS meme stocks, (because he doesn't know how to trade) to tell you what's going on. You don't need news or to find a lucky penny, you can even let the rabbits keep their feet. I broke this down into 7 different ways you can look at this chart. I am not even using the indicatiors I have on there.
1-3 is a break down of trend lines and how price follows breaks and comes back to an area to give you Three ways you can find a way into this stock.
(3. being the safest place to enter any trade)
4. Is using an old trend line and identifying exactly where we are today on that trend and what was the result. Does it respect the Trendline? Does it ignore it?
5. Is taking price actions new angle being formed after it has come back down to its old trendline. Drawing a upward trendline to predict the high on any given day and what to anticipate from it moving forward.
6-7. is a break down of Wyckoff methodology accompanied with the Curves Stages (My own personal brain child) paired together to give a reference as to where Institutional buying is present.
Also take note that this is done a Daily Chart which will result in better movements into the directions you are wanting to follow this into. You can do this on a 15 min chart but it will result in smaller moves.
$SPCE Buy the dip opportunity$SPCE has formed a head and shoulders pattern which is a bearish sign. The stock has been declining since mid February and formed a head and shoulder pattern and confirmed downward breakout during mid April dropping below the neckline price of $24 per share. The stock has declined more than 37% during the last 30 day period and is trading around strong resistance line and 52 week lows. Average decline in head and shoulder pattern is 20-25% and average change after the trend ends is around 50%.
I think this is a good buy the dip opportunity!
I entered the trade at $14.25 (pre market).
My price target is $24.5 during next 45-60 days, can set a stop loss around $13. This is a good risk reward opportunity!
Good luck and trade smart! (not a financial advice)
Added $SPCE Target 39.80 for 37.08% $SPCE Target 39.80 for 37.08%
Or next add level is at 14.65
Added at 14.22... This market is kicking my ass, y'all. Looks like every time frame is looking to be run down before we reverse. I'm sticking to the strategy in the mean time... it has never failed me... GL
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On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
I start every position with 1% of my account and build from there as needed and as possible.
I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
VIRGIN GALACTIC will rocket fly?
As we can see, since February 2021, VIRGIN GALACTIC stocks only fall and it looks like this fall will be up to the global support line of $ 14. If VIRGIN GALACTIC does not announce the successful launch of its rocket, most likely the price will continue to fall and break through the support line. But, if VIRGIN GALACTIC announces the successful launch of its rocket and all goes well, the price will skyrocket and it will be a real ROCKET.
If you like the idea, subscribe and like it.
Good luck and big profits.
VIRGIN GALACTIC will rocket fly?
As we can see, since February 2021, VIRGIN GALACTIC stocks only fall and it looks like this fall will be up to the global support line of $ 14. If VIRGIN GALACTIC does not announce the successful launch of its rocket, most likely the price will continue to fall and break through the support line. But, if VIRGIN GALACTIC announces the successful launch of its rocket and all goes well, the price will skyrocket and it will be a real ROCKET.
If you like the idea, subscribe and like it.
Good luck and big profits.