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SPCE trade ideas

Potential FOMO on the horizonYesterday, SPCE grew well and with sufficient volume support. Perhaps, its a foreshadow of FOMO to come. On 11th, Sunday, Virgin Galactic is having a mission with its founder Richard Branson on board. A first of major space companies will have its billionaire sent to space and back. Surely, this will create some interesting headlines. I think SPCE is good to hold till they start commercial flights next year. Till then, it should perform well unless some disaster occurs on the way.
NYSE:SPCELong
by OrcChieftain
13
SPCE is getting ready to go to SpaceAfter a successful test flight, Virgin Galactic shares went up. But, if you look at these stocks through the Elliott Wave Principle, this growth was likely. From February 2020 to May 2021, wave (2) of unfolded in the form of a running flat. Wave (2) corrected wave (1) at 0.786 Fibonacci. After completing the correction, the price began to rise from $14.27 to $35.04. It is possible that the wave 1 of (3) of has not yet been completed, which means that it is quite likely that the local maximum of $35.04 will be updated. In the future, I expect to see a correction in SPCE shares, followed by a strong growth. I can calculate the possible end of the wave (3): wave (3) = 1.618 wave (1) at $71.85 wave (3) = 2.618 wave (1) at $107.44 wave (3) = 4.236 wave (1) at $165.03 I think that SPCE shares have a high potential for growth.
NYSE:SPCELong
by Dzinsai
8
SPCE - All the way up! 🙌-Virgin Galactic shares surged on Friday after the space tourism venture announced its next spaceflight test will carry founder Sir Richard Branson. -Two pilots will fly spacecraft VSS Unity, carrying Branson alongside three Virgin Galactic employees, planning to launch on July 11. -The launch marks an attempt to beat fellow billionaire Jeff Bezos. The latter announced in May that he will launch on his company Blue Origin’s first passenger spaceflight on July 20.
CAPITALCOM:SPCELong
by caldooninvestment
5
SPCE: With the after hours announcement that Sir Richard Bransonwill be on the Space Test Flight on July 11, SPCE rallied from minus 6% to plus 19% for a total swing of 25%. The total volume for the day was about 35M, a fraction of the 300M last Friday which took the stock to $59 following the news that the FAA had granted them a license to fly passengers to space. On this chart, I have listed the daily pivot levels R1 through R4, plus the obvious trendlines, as well as the fib 61.8 retrace to help with the profit taking. As you all know, wave C always follows wave B. Also, remember the time proven adage, buy on rumors, sell on news.
NYSE:SPCELong
by Will_Wong
4