Virgingalactic
Virgin Galactic Holdings, Inc.Virgin Galactic Adjusts Test Flight Schedule in Response to New State Government COVID-19 Restrictions
Virgin Galactic Holdings, Inc. (NYSE: SPCE), in accordance with new guidelines from the New Mexico Department of Health to disrupt the spread of the COVID-19 virus in the state, today announced that it will be minimizing its operational footprint at its New Mexico facilities.
In consultation with government officials, and as a result of these new operations restrictions, the space flight that was planned to occur between November 19-23, 2020 will be rescheduled.
Michael Colglazier, CEO, Virgin Galactic said: ‘With the health and safety of our team members in mind, and in accordance with the recent direction from the New Mexico Department of Health, we will be minimizing our New Mexico operations to the greatest degree possible. While these new restrictions cause us to adjust our flight schedule, we take this pause in stride and will be prepared to resume our pre-flight procedures and announce a new test flight window as soon as we can. Our team members at Virgin Galactic, our Future Astronauts, and our fans around the world remain incredibly excited for our upcoming spaceflight.’
About Virgin Galactic Holdings
Virgin Galactic Holdings, Inc. is a vertically integrated aerospace and space travel company, pioneering human spaceflight for private individuals and researchers, as well as a manufacturer of advanced air and space vehicles. It is developing a spaceflight system designed to offer customers a unique and transformative experience. You can find more information at www.virgingalactic.com
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SPCELooking as if $SPCE has printed a symmetrical triangle, as typically there is 3 waves to the cycle i anticipate one of more correction of price would put my purchase price around $19.5-18.5.
Definitely a stock to put on your radar.
IS $SPCE READY TO LAUNCH?? FULL BREAKDOWNHit the like button and subscribe for more videos! Shoot me a request and ill try and get to it ASAP! $SPCE
Trade setup in the worksLooks like this goes to support level 1 (S1) then a likely bounce back to at least Resistance 1 (R1), MAYBE higher.
Should reach R1 by end of Nov, maybe sooner based on pattern here.
My alert is @ 16.5 and will jump in around there once I catch the bounce.
No bounce and I recommend holding off until a sign of change in direction.
* Template & indicators used*
*Zig Zag
*Pivots
*Vol
*All Patterns SMA50 Both
*MACD
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.
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.
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 ; 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
Spirit Aerosystems a play or not?Spirit Aerosystems isn't spirit airlines. It's own by boeing and makes parts for boeing and inovates in the aerospace sector and from its website is also into space with a virgin galactic partnership. Now I've been watching this for awhile, yet I'm still not sure if i should go in but heres some levels I'm looking at.
Current findings
-Their earnings is they are losing money, yet they are tied into boeing and if boeing isn't making money they aren't either
-They have ties to the space sector, which comparing it to the other space stocks, they are underperforming
-They pay divends, so you could become a long term holder and get paid while hoping this company can recover after COVID
-Boeing has had a 34% drop in its price around June, yet SPR has had about a 50% drop giving this stock a potentional upside of 20% to go side by side with boeing. This reflects that SPR is struggling and can be shown as this company wants to layoff over 1400 people. From a quick search they have just over 5k people working from them. Big hit on their workforce short term.
Buy In
-Now I've market that you may take a position at this level with a 20% bounce back, yet I'll be watching for two key levels.
1: Sub 20 dollars since to be a fair value and has gone down as low as 16.70 (with dropping lower, yet springing back). Sub 20 dollar since like a good start if you want to dip your toes in.
2: An optmistic bull and don't mind gambling is taking a position in when it gets too 24.12-24.5 hoping for a breakout. Now this same level could be profit takers, yet around May 27th when it hit this level it broke out and giving a $12 high profit per a share. Roughly 30% return.
Final Thoughts
Its interesting stock and will just wait if it goes sub 20 and you could be worried if boeing would cut this company to cut boeing's loses, yet thats the doom mindset and don't think that will happen. I'll remain Neutral on this stock
Buy Zone and Target for Virgin Galactic Holdings Inc $SPCEMy buy zone and target for $SPCE. Yellow line would be the invalid point for me.
(Not financial advice)
Virgin Galactic powerful buy signals.Virgin Galactic, D1: Support line + Side of Bollinger bands + Hammer + Hidden divergence
We are still in BUY zoneI've corrected a channel a little bit, and I believe we can still add to long positions till 17.50. Good news SPCE no longer do public offering for 19.50$. And we have a good chance to go higher.
Yay SPCE!! Where do we go from here?Longer video. Mostly a quick analysis of today and where we could go tomorrow. Is this a cult stock? Is that bad? Or good? What do you think?
Cup and Handle playing out on SPCEWow, extremely powerful move here. Price target is still in the $28 range. From here, I'm going to start looking at longer term directional plays following this move.
