SPCE - Don't be scared of the pullbackThis is just a normal pullback, so don't panic Sell. We are going to break through the triangle and rise to 90$-100$
Virgin
GME SAVA SPCE OCGN Charts Intraday!Chart reviews of the 4 stocks I'm watching. Also going over my trades for today.
update on cup and handle prediction I posted last weekI posted on this last week. I is really looking like a nice cup and handle is forming. With the great news out today and with the high volume and anticipation I think we are going to continue to trend upwards with pullbacks along the way. By Febuary we could be looking at $70/share.
SPCE - Breaking through the TriangleHello everyone,
We are moving inside a triangle and the price is sitting on a huge support line. I would say that most probable scenario would be for us to break to the upside and reach 65$-70$.
- If we break through with high volume, then the trading idea is Active
- If we break bellow the support, I expect us to hit 30$-25$
As I said, I am expecting a shart rise to 70$. The smartest thing to do would be to wait for a confirmation of the direction and follow the movement.
SPCE - Time to reach new All Time Highs!Hello guys, thank you all for tuning in!
I am going to divide the analysis into 4 parts, so we can go deeper into the trading idea!
Technicals:
- The price completed the Cup and Handle pattern on the 1H chart and went from 34$ 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 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 :)
SPCE - Time for the next big move!First of all let me start out by saying that I believe that Virgin Galactic is an amazing long-term investment company, it is first of it's kind and it is start a completely new industry of space travel. Short-term things are at a key descision point. We are moving on the 1 hour chart inside a small channel, that we are most likely going to hit it's resistance and from there on we will either bounce back to the bottom of the channel which will result to drop to around 20$ . This is where it is the best long-term buy price, where you will be good to go to buy and hold for the next few years and even longer to just enjoy the huge returns. Otherwise, if we break the channel and go above 27$, we should see the price to atleast 35$ which would be the hight of the Daily triangle. On that price we are again going to have to wait for the price to decide if it will leave the triangle and go to 60-70$ or it will not break the resistance at 35$ and it will retest once again the lows of the triangle to 22-23$ and then go for the 60-70$ price. Either way, this stock is an absolute gem right now and even at 25$, if you buy and hold it's an amazing position for the next 5-10 years and longer.
SPCE VirginHello receive a cordial greeting, and a thriving 2021 our wishes are that 2021 will be a fantastic year in all aspects for all people.
We believe that this action has a great bullish journey based on Technical and Fundamental Analysis. But this is not financial advice
We have as resistors the key levels of 31, to consolidate it, 35 and 37.
and as resistors the levels of 17, 15 and 12. Also on the chart there is a blue circle, it represents a GAP, this is :
Gaps are areas on a chart where the price of a stock (or another financial instrument) moves sharply up or down, with little or no trading in between. As a result, the asset's chart shows a gap in the normal price pattern. The enterprising trader can interpret and exploit these gaps for profit.
Greetings and best wishes for 2021 L.E.D
In Spain as of 12/31/2020
Two good levels to go long SPCEIn my opinion we are moving to 18.5 zone, there is a strong support level there. It could possibly turn from 21, (fib level ). First target is 35 and up.
$SPCE Gap to fill, Respecting 50ma, Resistance @27.30 with 21ma $SPCE on the daily still has a gap to fill, dipped on poor news. Tested failsafe features and proved to be safe in the event of a Comm issue. Definitely looks great for a long hold, just watching until we get a new launch window.
Virgin galactic : fibo level to buy at a good price Virgin galactic : fibo level to buy at a good price : gann box with fibo to check where to buy, color adapted
SPCE has broken the wedge. Retest and a bounce needed to confirmPlease see my previous analysis linked to this update. We see SPCE has already broken the wedge ahead of schedule, indicating very bullish sentiment. Some are calling it "the only pure-play" in the future of Space. Who wouldn't want to take a ride?
SPCE VIRGIN GALACTICGood afternoon, I hope you're all right. Today we present our analysis of SPCE until the end of this (terrible year 2020) MEDIUM TERM. To see this idea I recommend you move around the chart to see medium and short term.
Currently it is in a flat structure, without movements of interest in the last days and without showing possible movements, create a new trend:
SHORT TERM WILL TOUCH THE FIRST SUPPORT, Red OR GO TO POINT A
MEDIUM TERM LEVEL B : BULLISH OR LEVEL C : BEARISH
Sincerely L.E.D Thank you very much for your time and your support.
In Spain at 3/10/2020.
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!
TSLA & SPCE longIll be out using my spce winnings in the north ga mountains :) in the meantime, ive parked my funds in shares, and options contracts in these companies.... as well as NIO, but refer to my earlier idea for more on my feelings on that matter.
Goodluck friends trade patient, trade your plan, trade smart
SPCE Bullish Breakout: The Beginning To New Highs (IMO)In my opinion, SPCE is a lifetime stock. I'm just happy to be young and alive at it's IPO. I'm holding shares and I believe in this company. I DO believe we're bullish from here, no reason to fall back to $10-$15 again.
• Disney executive appointed new CEO is legitimizing the company as "this is real"
• Ships are almost ready to go
• Branson is first in line to go to space (I'd be second if I could)
• We're on the backside of COVID - this stock could held highs and already moved higher if we didn't have the market crash
• NEW bullish activity happening now and VOLUME is picking up
• Cabin reveal is coming up at the end of month
• Hundreds of preordered tickets confirmed and thousands in reservation mode (over 100 million in possible sales already)
THE FUTURE POSSIBILITIES
• tickets get cheaper
• Disney creates a "space world" in partnership with Virgin Galactic (zero G simulation rides, education/inspiration rides, best planetarium you've ever seen)
• interplanetary travel made much faster - Atlanta to Tokyo in 2 hours with new ships (this is actually already being planned)
• VG ships are already compatible with current international airports (no special runway or launch pad needed)
• other space and research partnerships with medical companies, NASA/government, satellite companies, etc
Buy and hold forever!!! This company could be the only stock you'd ever need to own. Imagine, $1000 price point in 10 years, with 1000 shares = $100,000 average profit a year. If you want to go to space, like I do, hold at least 250 shares and in 10 years they might be worth $250,000 and you can easily buy a ticket then. Bless!
Friendly reminder: All of this is my opinion. I do hold shares. Please invest wisely.
SPCE VS TESLA charts looking similar,,, againfunny, these two used to run almost identical, that trend was nill until this week. Starting to see the first convincing since of parity, Could be a great thing for us longs!
Tesla Long Spce Long Nio Long Spy long intraday? This premium tradingview software is sooo worthit. Ive been using for more then a year and I still learn something new every day.
GL peeps
