SPCE trade ideas
[SPCE] Peak Orbit Reached... Heading Back to Earth for LANDING!It could be a continuation pause but doesn't feel right. More likely it reverses back down here.
Notice how Price came to rest exactly on the fractal mid-line. That downchannel fractal also got tested pretty spot on from both sides on Prices way up.
I expanded the Value Channel yet again here, doubling it. That puts any Price under 30 as target pickup but it also may never reach back down there again, only time will tell.
SPCE could break much higher soonVirgin Galactic NYSE:SPCE is currently writing chapter 1 of an Elon Musk-style comeback story. February 13th opens another launch window for the next Virgin Galactic space flight. Sir Richard Branson himself will be going up after a couple more successful trips to prove safety and create what will be a huge global news story. The company has already taken thousands of deposits from wealthy clients proving demand for space tourism is real. I predict that as history's first space-tourists begin to return to Earth with passionate stories about how the experience changed their life, demand will explode. Investing in a pivotal moment in human history is a once in a lifetime opportunity. Technically, the recent dip is on the bottom of an upward trend channel and bullish divergence exists on the RSI with the recent pull back. Keep an eye out for the expected bounce for short term profits and then decide if you want to become a long term investor. Obviously, an unexpected disaster could completely tank the stock at these levels , so this is a big risk/reward long term play. If you stay long, you may find yourself using proceeds to venture to outer space. How cool would that be?
Shorting @SPCE See the chart, I don't think I have to explain why this we need to short this stock! Price is more than 30% above 21 day moving average!
SPCE LongLoving this setup here on SPCE. Bought the dip an hour ago. Has been an absolute monster lately and i expect wave 5 to be its biggest run! The trigger is the break of the green resistance and .5 fib. Targeting ATHS and the PTs on the chart. Enjoy :)
Broke out of wedge pattern. Look for a pullback / Enter nowLikely see a small pullback after reaching 44~45. This could go way higher once it breaches all time high and does a confirmation.
SPCE Reaching a Critical Resistance LevelAs you can see, SPCE has been seeing recent higher-highs and higher-lows. The chart has been showing heavy resistance near the 58.00 price point. If we see a breakthrough here, a setup for a long position could be present, especially with commercial space being a big push and retail investors helping fuel a company like this.
SPCE - Bull flag, possible 70% profit
There is a flat top triangle which is accumulating a power.
Contains about 68% shorts, which can be liquidated
$SPCE BULLISH TREND TEST after seeing a golden cross which indicates a potential "major rally" last April 2020, and a C & H Pattern which indicates a bullish continuation with an expectation of a breakout, which took effect after the consolidation and breaks after ARK Investment Management filed with the SEC to launch a space exploration ETF, follows a rally and a minor pullback is now expected. A bullish trend after hitting the support will be tested on the following days.
not an expert advice. Trade at your own risk.
Virgin Galactic SPCE Long 100%+On my previous analysis I foresaw a 60% profit, and I was short, we are now over 100% well in profits if your entry was at the golden pocket fibonacci retracement.
Now on this analysis, I can see SPCE moving inside a macro-channel, with high probabilities to touch the upper edge of the channel, reaching 100 USD if the following test of VSS Unity is successful. If not we can expect a sell off that could get us back to the twenties.
I would wait for the price to get back to the 40s to add more to my position, before the next test flight.
Virgin Galactic has been building partnerships with NASA to create an astronaut training program, and to develop supersonic aircraft. It also signed a memorandum of understanding with Rolls-Royce to collaborate in designing and developing engine propulsion technology for Mach 3 commercial aircraft.
The next test flight window for its SpaceShipTwo will open on Feb. 13, so fasten your seatbelts.
As always those are my own views, DYOR.
Please let me know what you think in the comments.
SPCE on it's way to 60 tomorrow I see SPCE jumping in the morning to 60 and above as all indicators show upward momentum. Also news of new spaceflight end of next week and earnings coming soon making this a bullish move at the moment.
I am holding SPCE 53.5 Call options expiring Friday and will probably sell them at opening in the morning jump up.
My ideas for educational use only.
Close above upper wedge line. I would expect to see a strong uptrend in the next few days if we close above the upper wedge line.
SPCE first stop the MOONits the second most shorted stock show them what we are made of!
Ascending triangle has a 73% chance of happening.
What more do need?
TLDR;
SPCE goes mewn now
Potential Cup and Handle long opportunity on SPCEPotential Cup and Handle pattern formed on 1h SPCE chart with day closing at what seems to be the bottom of the handle. Possible bullish divergence forming on MACD (higher levels of negative momentum while price makes a higher low) and the fact that the price found support at minor trendline seem to add to the bullish argument. Smaller timeframes are typically less reliable for indicators like that but the overall trend on this stock is currently extremely bullish, hence the bias.
As far as price history is concerned we are in uncharted territory above ATH so we only have Fibonacci Retracement levels to guide us - using discernible swing high from December 9th and discernible low from January 5th we can see that resistance at $58.2 is actually a 2.618 Fib. level with 2 more price targets above at $71.8 (3.618) and $80.2 (5.236). What's worth noting is that SPCE tends to rally leading up to major events (December rally up until the test flight date) so it would seem logical to expect similar run leading up to newly announced February 13th launch. With more major news on the horizon (including Earnings Call on February 25th and those tend to be used by the company to make major announcements + completion of 2nd spaceship also rumored to happen in February), the short-term fundamentals remain bullish as well.
Long-term prospects will depend on multiple factors that have been discussed a lot before and TA seems to be helpless here as it tends to be with other growth stocks like TSLA but I believe that this year will be big for Virgin Galactic with ARKX launch, test flights, hopeful FFA approvals and Richard Branson flight and more. I expect space to be a major theme this year and recent successes of SPCE spin-off company Virgin Orbit might also positively impact price action through proxy. Not a financial advice as always do your own research.
Refueling for the moon mission or coming back down to Earth?SPCE is on the basis of the Bolinger Bands on the 4hr.
Potentially hitting support of a trendline on the 2hr.
Possibility of going towards the lower band on the 1hr.
BTFD? Not sure yet. SPCE was in the range of $20-$25 at the start of January.
Trying to buy in around $44-$46
