SPCE trade ideas
Double BottomPossible stop below first bottom. The market has had some really rotten days, so be safe.
Not a recommendation.
Technical analysis does not predict the future, it tracks the past, and any pattern, support level or indicator can fail. You have to use your own judgemnt to decide what traders will do in the future, by looking at what they did in the past.
SPCE - .35 RES In a consolidation channel. When a stock like SPCE starts to get going we will know that MOMO is back in the market.
Virgin Galactic right in the buy zone...Price has serious volatility, but right now it is very close to the 200 day moving average. This is a great zone to average buys for your investment holdings or to enter mid-long term trade.
SPCE completing Right shoulder ?I think with the pressure on growth stock we could see this in low 20's
Interesting around 20If it reaches 20 levels i'm selling some puts on this stock willing to get assigned.
SPCE 🌦Pattern recognized: Running flat Elliot Correction Wave.
Thesis: Bullish sentiment.
Conclusion: Looking for fractal on the 5 min.
My strategy: MEWT (MODIFIED ELLIOT WAVE THEORY).
***This does not constitute financial advice.***
SPCE Round DownSPCE looks like its is forming a rounding down formation as it creates the second shoulder, in a long term head and shoulders pattern. The neckline looks to be at 26.5 which will act as support. I will play this to that level, as it may take multiple tests to breakdown from there.
ABC Bullish Double Bottom The 2 bottoms are fairly close in price, they do not have to be identical and rarely are. Double bottoms have a neckline of sorts like an inverse head and shoulders. Long entry level is at neckline.
Negative Volume is low on this one. It looks like smart money got in this one at the very bottom of 9 to 14 dollars. Positive volume and obv is high.
Not a recommendation
SPCE going to the moon (pun intended)failed breakout but held support, might see round 2. need to start closing above green wedge
$SPCE Target 46.09 for 26.27% $SPCE Target 46.09 for 26.27%
Or next add at 26.91
I am not your financial advisor. My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk.
GL
SPCE LEAP options SPCE is dropping into wave ii support level at about 29 before a rally in blue wave I begins. Look to establish Leaps on SPCE expiring end of the year with an upside target of 76. On guard for a possible rebound along with the NDX (refer to the above ) making a potential rebound in wave (2).
Taking SPCE to the Moon 🚀SPCE is dropping into wave ii support level at about 29 before a rally in blue wave I begins. Look to establish Leaps on SPCE expiring end of the year with an upside target of 76. On guard for a possible rebound along with the NDX (refer to the above ) making a potential rebound in wave (2).
SPCE - DMI & Williams %R AnalysisSPCE could be heating up here.
Just remember to watch the indicies
NAS100USD and the SPX500USD are your friends
They help steer stocks.
SPACE - $SPCETaking a long position here on Space $SPCE. We're just about at the oversold territory on the RSI, over 50% from it's recent all time high, a bounce on the 200MA, Fib Golden Pocket, and upticking begining on the histogram. A bit of knife catching, but could be in store for another solid return on this one.
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Cheers!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor. I am an amateur investor.
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SPCE very good risk vs reward. Perfect entry point!SPCE has been a very volatile stock but the line I drew it seems like it acts like a magnet. No matter how high the stock goes the magnet pulls it back . If you were thinking to make a play in this stock or add to your position, now it is the time. I don't have a future target price in mind but this is a good entry point IMO.
Currently is way oversold!
I am not a financial advisor, and this post is informational only. Trade at your own risk.
SPCE, strong in a weak market We have seen another weak market day. SPCE broke a few support lines and boxed, just like everything else in the high-tech market, with a difference that SPCE was not over-extended from last year anyways. It was strong today online most Tech tickers. There are immediate supports of 25 and 20 and then a very strong one around 15-19. Unless some big market crashes happen, I do not think we gonna see those levels. If the market gets a bit stable, you can easily long this with a price target of 30-40 in short term and 60+ by the end of the year.
