Virgin Galactic (NYSE: $SPCE) Looking Oversold & Undervalued 🚀Virgin Galactic Holdings, Inc., an integrated aerospace company, develops human spaceflight for private individuals and researchers in the United States. It also manufactures air and space vehicles. The company's spaceship operations include commercial human spaceflight, flying commercial research, and development payloads into space. In addition, it engages in the design and development, manufacturing, ground and flight testing, and post-flight maintenance of spaceflight vehicles. The company was founded in 2017 is headquartered in Las Cruces, New Mexico.
Virgingalactic
SPCE | 2022 | Getting ready for actionSPCE is heading towards it's nearly point ever.
It's the only historical resistance levels available, are 14.50$, 11.50$ and then 10$.
The first one has recently been crossed - 14.50$.
Next level to expect is 11.50$.
If it goes very bad to SPCE, it may reach 10$ or lower.
Expectation is that within several weeks it will touch 11.50$, and bounce back upwards, although we can't know in advance.
So, let's get ready to see the 11.50$ touchdown.
SPCE (Virgin Galactic) Shows a Bull market📈The smoothed moving average, on a weekly range $SPCE (Virgin Galactic Holdings) shows a Bull market .
📊Let me remind you that the transition to a Bear market means the transition of the 48 days moving average for the 72 days and 120 days, a complete reversal.
Personally, I determine the market trend by three smoothed moving averages. Of course, you need to look at all the indicators and the news background at once, but anyway, what is happening.
📌The high-volatility of the Virgin Galactic stock market is associated with the uncertainty of investors and the novelty of the space industry.
However the industry is very promising and you should not pay attention to local events in the long term positions
Virgin Galactic is the company of the future.
The space industry is developing very actively, and I think it will develop very quickly. The speed how the space industry will enter our daily lives can be compared with the development of the Internet in the 90th.
We already now see such trends, from the success of Elon Musk and the high rush of open companies around the world, involved in the space industry.
Virgin Galactic has an exciting future, and the company already has an experience in spaceflight with their founder Richard Branson. Sir Richard billed the flight as a test of the space-tourism experience he expects to begin selling to customers from next year.
Therefore, delays and put-offs of flights are just a technical issue, solving which the shares will go to the moon. Now is a very good time at the start of the industry to add Virgin Galactic to your portfolio.
SPCE (1D) Longterm Target - Wait for DIP Hi Traders,
Hopefully nobody HOLD SPCE Stock right now and you all took profit at last top ?
My expectation is the stock was too much pumped / Hyped by positive news on test flights.
Seems like Major Stockholders - Richard Branson and Chamath were selling huge % of stocks. We can expect continuous drop for next few weeks.
Wait for moment when you will not hear about company anymore / or there will be only bad news (investigation / more selling from Insiders). This could lead to 1:1 extension of corrective waves A:C.
Historic LOW could be good price target to watch. If its going to be supported by RSI and MACD COnvergce at leats at 1D chart. I will notify you about LONG Setup. ;)
Also take deep look into Fundamentals. This company and Space flightscould be good investment long term.
not recommendationThe investment is very simple here
first we can see the trend is clearly going down
and if SPCE about to keep going down...
in the $14 area is my entry point
And I'm going to risk two points down.
My entry point is the smartest point to get in
only becuase of the support line and the risk reward
I'd love to hear opinions.
Blacksky Uncertain or Overlooked?Hello, Blacksky is a satellite company that has grown alot and recently went public through a SPAC by SFTW. Now this company aims to give real time data unlike the traditional methods that could take days or even weeks to get.
News
-Rocket Lab, RKLB, will be launching two rockets with Blackskys satellites on them, roughly 6 in total new sats not sure on the actuall number, starting on Nov 11 for the first and second Nov 27.
-Blacksky ER and PLTR ER, PLTR has Blacksky program/software connected to their foundry system so if PLTR can report growth on the Foundry system it will be great for Blacksky's ER
-Blacksky partnered up with reseller AllSourceAnaylist
-S1 filling giving the warrents a price of $11.50-$20
-Blacksky ER is on Nov 12 preMarket
TA
-RSI Neutral
-MACD Leans Bearish
-Support at the 50ema and $9.57
-Reistance at $10 and $10.66
Final Thoughts
I personally own 900shares and believe this company with the upcoming catalyst will shock the investors, since on Fintel theres zero shares to short with a 2x borrowing and maintenance fee. One major move of success from the launch or ER will drastically push this stock since its on track to double their rev next year and continue growth. ZERO downside in the short and long term.
Virgin Galactic delayed commercial flights until Q4 2022 Virgin Galactic delayed the start of start commercial flights until Q4 2022.
I expect it will touch the 16.20usd strong support from which it should consolidate before another leg up.
Virgin Galactic reopened ticket sales with prices starting at $450,000 per seat. They sold 600 tickets so far.
Jefferies sees Virgin Galactic's total addressable market at $120 billion and Virgin Galactic's revenue hitting $1.7 billion by 2023.
If the brokerage firm is right, then the 4.775Bil mk cap is undervalued right now.
I`m looking forward to read your opinion about it.
Virgin Galactic (NYSE: SPCE) Near Bottom Of Multi-Year Channel🔎Virgin Galactic Holdings, Inc., an integrated aerospace company, develops human spaceflight for private individuals and researchers in the United States. It also manufactures air and space vehicles. The company's spaceship operations include commercial human spaceflight, flying commercial research, and development payloads into space. In addition, it engages in the design and development, manufacturing, ground and flight testing, and post-flight maintenance of spaceflight vehicles. The company was founded in 2017 is headquartered in Las Cruces, New Mexico.
Virgin Galactic Friday, 15 October 2021
19:27 PM (WIB)
Virgin Galactic is getting near to the base ground support lines. It was suddenly fall deep from $24 into $18.50. At the moment the price bounce up to $20. I need to focus on Virgin Galactic now for finding the best spot to enter the market. Stochastic + RSI shows the downtrend is very low. But it's still possible to touch the ground support when Stochastic Lines hit below 0.
Best regards,
RyodaBrainless
"Live to Ride and Ride to Live"
Why i expect SPCE to fall again ?Why i expect SPCE to fall again ? Under $20
SPCE go up only when we fly, and apparently we are not going to fly soon.
Bad News
- FAA Don't allow anymore any flight until investigation end
- Major Technical issue is investigated with a supplier (needed for reentry in atmosphere)
- Flight postoned, but it will postoned again from previous reason
- High wind deviation in November (Flight window limited)
- Possibility to liquidate shares again
- Virgin Galactic is very prudent, if there is any doubt they don't fly, because they already had a accident in the past.
Good News
- November Q3 results
My Forecast is Under $20 from now to November
When all the bad news are gone, its time to invest again !
$SPCE With short covering to $35 , closing the gap also #virginSPCE’s revenues increased 139.9% year-over-year to $0.57 million in the six months ended June 30. Its gross profit grew 681.5% from its year-ago value to $0.51 million. Its cash and cash equivalents rose 51.3% year-over-year to $564.66 million.
Analysts expect SPCE’s revenues to increase 831.8% year-over-year to $2.22 million in the fiscal period ending December 31, 2021. In addition, the company’s revenue and EPS are expected to increase 790% and 35%, respectively, in the following year, versus the current year. Over the past year, SPCE has gained 38.3% in price to close yesterday’s trading session at $24.25.
Among 11 Wall Street analysts that rated SPCE, three rated it Buy while six rated it Hold and two rated it Sell. The $38.44 median price target indicates a 58.5% potential upside from its last closing price. The 12-month price targets range from a low of $25.00 to a high of $51.00.
VIRGIN GALACTIC: Buying opportunityVirgin Galactic has had a few bearish weeks but now looks about to enter a pretty good buying opportunity area.
The 25 to 14 range seems like a great spot for accumulation and the last swing low at 14.53 was bought back with quite some strength.
The private space race does not look like it's going away any time soon, and any major victory by Branson could mean some quick pumps.
SPCE - MULTIPLE SCENARIOS - DEFIENTELY LONG SHORT TERM!Good Ol' SPCE, the swing monster:
Entered calls at $31 after seeing the volatility squeeze and bottom of the cup forming. Profit targets set at 40.66 and 43.57 with respective .5fib and .618 fib. Trimming positions at these levels, will continue holding the rest of my positions if .618 fib is broken and aim for 1:1 retracement at 52.95. If price reverses at .5 or .618 fibs, I will consider this move a correction to the down trend and will enter puts/short, riding it down to $20. Watch these aforementioned key levels to enter, I am prepped for any scenario currently that the chart has presented.
Bullish indications:
RSI: 30m, 4hr, and 1d, all trending up, this is rare to find and increases my confidence that price will hit atleast the 40.66 level.
MACD: 1day Bullish Divergence cross over, be careful tho as the 30m macd is crossing over with a bearish divergence, this is less prominent as it's only the 30m. The longer the interval, the higher the importance. 1 days trumps 30m on RSI but a 30m cross over could allow better position entry. Although I personally wouldn't take the chance as the price action and structure is strong.
If this doesn't get rejected on the way up, I could see potential for this sucker to blast to 71.10, it all depends on how fast it can move through these key fib levels.
4hr chart:
1D chart:
SPCE Time Below 200 Day MAThis chart simply shows the length of time SPCE has spent below the 200 day MA in the past. This may help some of you manage your expectations.
It is possible that things have "changed" and as the hype may have reached it's climax, but based on technical analysis we have zero indication at this time that this is true. So far, the uptrend is intact and the price is behaving "normal" as we can see based on historical price action.
In the past, we have seen that any buy below the 200 day moving average has been well rewarded, however there is always that chance that this time is different, as with any trend.
Please see my related idea below on SPCE showing previous draw downs and gains from the 200 day moving average.
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