SPCE trade ideas
SPCE receives FAA approval to fly passengersThere is 20% short interest or roughly 34 Million shares short. Options action - On friday, there was buying in the 7/16 $60 and $70 calls. Its also one of most mentioned tickers in fintwit. On the 4 hour chart, vwap is $53. That could be good entry, if it goes to that price. Good luck!
FAA Expands Company’s Commercial Space Transportation LicenseFAA Expands Company’s Commercial Space Transportation Operator License To Allow Carriage of Space Flight Participants (source: Virgin Galactic website, 25th)
Most rocket factories are of military nature. Then, there is SpaceX, Blue Origin, and Virgin Galactic. But it is only Virgin Galactic that focuses all its efforts on space tourism. Thereby, the importance of a new license carries incredible importance.
As you could see, I've been longing since 25.63 For all investors believing that space exploration is the future of humanity, Virgin Galactic is currently the best pick. SpaceX is clearly ahead of all but is not available for public trading. Other potentials such as Boeing keep the space lower as the priorities go.
Although Virgin wants to do tourism, they still collect data for NASA & lift up satellites to supplement their income nicely. In fact, I believe it was two days ago when a flight was pre-planned to happen originally (LauncherOne mission), but it is eyeing the first week of July now.
With nice news between Thursday/Friday sessions and the first launch to be streamed live, this company is likely to remain bullish for a minimum of two next weeks.
However, entering the market might be difficult as high volatility will cause frequent overshoots and stop-outs. Hopefully, there will an opportunity for late investors to enter as I believe reclaiming of February highs is just a matter of time.
Good luck!
SPCE bound *update*Upon the FAA approval of VG taking passengers to space, we saw one large movement today.
This swing was a tad more than expected. Needless to say, i doubled my portfolio. How about you?
I know a buy signal when I see one!
Virgin Galactic ?Wave 5. SPCEThat is what we are currently suspecting. It is going hyperbolic like a true space rocket, so watch out. This one is red hot.
Remember, this is not financial advice. You must do your own research and carefully make decisions for yourself by yourself. We love TA and do not provide individually tailored financial advice, or financial advice period.
Now that aside, Fibonacci in crystal clear green and invalidation noted, as always, in red. Good luck out there.
spce. space tourism leading the market.This one both confuses me a lot and doesn't surprise me. I can see how if money had little or no meaning then maybe I would think why not just go for an afternoon launch because f*** it? On the other hand, how could one possibly rationalize spending money on this? Are you considering spending money on becoming a space tourist? For half the price I can give you triple the perspective. I can even include risk of loss of life depending on your level of investment.
I'm joking by the way, I don't want people to start thinking crazy. I know text doesn't always come across the way you absent mindedly might have hoped it to. Unless you are actually considering my proposal, in which case, it is whatever you thought it was.
Exploring SpaceWill get resisted at $42 area and will retrace back to high 20's. Could be a good short for a short term and then a long term buy.
EXPRESS JET READY FOR VIRGIN GALACTIC HLDGS INC SPCEEXPRESS JET READY FOR VIRGIN GALACTIC HLDGS INC SPCE
Virgin Galactic +100% in 4 Weeks, Take Profits HereSPCE has been given FAA approval. The share is now +100% in 4 Weeks, take profits here: just above $46.
spce (virgin galactic) i wondaring market creat a lower low then go high reason its make same thing eairlyer in chart retrace level price 26
Spce To the moon with passengersBranson's Virgin Galactics juts got FAA aprovall to fly peaple to space! this news might lead to a breakout! if 46$ breakout happens target is 53$
Brace for IMPACT!!!
SPCE To The MoonVirgin Galactic SPCE Receives Approval From FAA For Full Commercial Launch License Following Success Of May Test Flight.
Price still have a room for an upside potential to $50 and $60 levels respectively.
SPCE: So many of us had struggled to count this. I just saw it after it printed a lower low. I was counting it as a wave 4 but it got lower than wave 2. Now it looks so obvious. The successful flight today could see it go up 30% on Monday.
SPCE.. to the moon? Or pullback??SPCE looks to be at the top of 2 regression trends. Pullback? Or are we busting through? That is the question
TARGET HIT $SPCE @ 39.80 for 40.14% Profit in 142 daysTARGET HIT $SPCE @ 39.80 for 40.14% Profit in 142 days
OMG... that was a really long hold 🤣 I was sweatin' it a little bit at the end there.
GOOD GAME if you rode that pullback with me. WOWZA... but it helped me refine my strategy a bit. GL, y'all... I'm out for now...
SPCE: What's the next move?Last time SPCE formed a golden cross, it grew more than 100% following its base formation. All indicators and patterns are in favor of a move toward $70.
Here are the 5 reasons for a bullish move:
1- Golden cross.
2- Solid base with low selling pressure.
3- Recent gap up on high volumes.
4- Growth momentum in the overall market.
5- Numerous positive catalysts on the horizon. Branson to space?!
Long $SPCEInteresting "do or die" time for SPCE in my opinion.
I'd like to see it fill the upside gap approx $42, however we are at a significant level that has multiple previous reactions.
Generally increased volume should be favorable to continue the uptrend we have currently, but with our modern wonky market, all you can do is protect your position with appropriate risk management. I'm long here and targeting 42, stops tight below.
not financial advice.
SPCEI see an AB=CD pattern targeting R2 Yearly or $60.00. Bull Flag forming now waiting for Breakout.
virgin galactic moving to the upside we have a potential buy for a quick trade on virgin galactic, we have seen buy pressure breaking the weekly zone and lower timeframe downtrend so on Monday we might be placing a trade to the upside with a buy limit order just above the break of lower timeframe lows. we know the stock market is seeing moves to the upside after the sell off and we are seeing breaks of major levels so I'm very confident that we will see a quick move to the upside before a higher timeframe exhaustion.
