SPCE Possibly $61 by 2FebElliot waves create a possible $61 on SPCE by 2 Feb if it plays as I hope it does.
SPCE trade ideas
Will SPCE drop before test flight on 13 Feb.? Swing Put tradeThe indicators point to buyer exhaustion, hence a pullback in price before Virgin Galactic makes its test flight.
Price action shows a 5-wave pattern (white zig zag line)
RSI corresponds to this with three peaks in overbought territory
TTM squeeze is high and we can expect some gray bars as momentum eases
If you buy 2/12 or 2/19 puts you have time for selling to occur. I am looking for 46 and 44-42.50 as profit targets. The test flight is on a weekend, and I am not holding puts past the 12th. If price action and indicators do not support this idea on Tuesday (2 Feb) then exit or trim position so you are comfortable holding.
Look for a good entry on 2 Feb.
$SPCE #SPCE #VirginGalactic im long since 18 dollars per share still is a speculative play so far but I believe this company for the future.
$SPCE short runs prices up to $70 to $80 target before Feb. end.We are on a logarithmic growth pattern with $SPCE. Great prospects, rumors of test flights, and incredible meme value. Plus any heavily shorted stock is under attack by retail right now.
However, unless this thing picks up mainstream appeal, like $GME levels, it's got to retreat at some point. Therefore I'm into some Jan 2023 calls, but only plan to hold them until the end of Feb, unless the momentum on social media of the stock changes. At that point I think it has to retreat to the logarithmic trend line for a while before it continues growing (ie being acquired by someone large).
SPCE Day Trade Idea 1/29/21This could easily head lower if there is more weakness with the meme stocks. However, I feel like they might come back and do the same thing and rip all these stocks. If that does going long where the price is at now wouldn't be too bad. Will have to watch out for how much premium I am paying if I do decide to trade this. I know I shouldn't trade daily expiration but this might be a good opportunity. I need to go cheap if I do; no need to wreck this week's gains for another risky bet.
SPCE - cup and handleI think we are seeing the formation of a cup and handle. I believe we will retest 60. Not bad for a boiling frog! ;) Good Luck!
SPCE - Breaking through the TriangleHello everyone,
We are moving inside a triangle and the price is sitting on a huge support line. I would say that most probable scenario would be for us to break to the upside and reach 65$-70$.
- If we break through with high volume, then the trading idea is Active
- If we break bellow the support, I expect us to hit 30$-25$
As I said, I am expecting a shart rise to 70$. The smartest thing to do would be to wait for a confirmation of the direction and follow the movement.
FROGS IN BOILING WATER I'm assuming you know where I'm going with this ..
Here is a list of 50 top shorted stocks on the market as of today afterhours . 1/28/21
Ticker Company Exchange> ShortIntrest Float Outstd Industry
GME GameStop Corp. NYSE 138.08% 51.56M 69.75M Retail (Technology)
SPCE Virgin Galactic Holdings Inc NYSE 81.53% 53.65M 195.59M Investment Holding Companies
AMC AMC Entertainment Holdings Inc NYSE 68.93% 56.57M 108.90M Motion Pictures
BBBY Bed Bath & Beyond Inc. Nasdaq 66.62% 114.36M 126.01M Retail (Specialty Non-Apparel)
LGND Ligand Pharmaceuticals Inc. Nasdaq 64.24% 15.43M 16.08M Biotechnology & Drugs
FIZZ National Beverage Corp. Nasdaq 62.52% 11.65M 46.65M Non-Alcoholic Beverages
FUBO Fubotv Inc NYSE 62.15% 54.47M 67.56M Online Services
SPWR SunPower Corporation Nasdaq 53.57% 80.92M 170.16M Semiconductors
SKT Tanger Factory Outlet Centers NYSE 49.70% 90.14M 93.47M Real Estate Operations
AXDX Accelerate Diagnostics Inc Nasdaq 46.26% 29.75M 57.03M Scientific & Technical Instruments
TR Tootsie Roll Industries, Inc. NYSE 45.85% 16.11M 39.34M Food Processing
GOGO Gogo Inc Nasdaq 44.59% 40.46M 85.25M Communications Services
CLVS Clovis Oncology Inc Nasdaq 42.80% 85.73M 88.20M Biotechnology & Drugs
OTRK Ontrak, Inc. Nasdaq 42.24% 7.41M 17.42M Healthcare Facilities
GSX GSX Techedu Inc NYSE 41.96% 128.62M 128.69M Personal Services
PRTS Carparts.Com Inc Nasdaq 40.19% 37.11M 47.93M Retailers - Auto Vehicles, Parts & Service
SRG Seritage Growth Properties NYSE 39.97% 34.27M 38.64M Real Estate Operations
SENS Senseonics Holdings Inc AMEX 38.78% 95.35M 245.67M Medical Equipment & Supplies
IRBT iRobot Corporation Nasdaq 37.40% 27.43M 28.13M Electronic Equipment & Parts
RVP Retractable Technologies, Inc. AMEX 35.59% 12.77M 33.82M Medical Equipment, Supplies & Distribution
PGEN Precigen, Inc Nasdaq 35.42% 69.42M 178.60M Biotechnology & Medical Research
RKT Rocket Companies Inc NYSE 34.85% 102.38M 100.37M Consumer Lending
DDS Dillard's, Inc. NYSE 34.63% 12.83M 18.37M Retail (Department & Discount)
PETS Petmed Express Inc Nasdaq 34.36% 19.50M 20.27M Retail (Drugs)
INO Inovio Pharmaceuticals Inc Nasdaq 33.80% 166.10M 169.41M Biotechnology & Medical Research
SFIX Stitch Fix Inc Nasdaq 33.57% 59.03M 62.90M Online Services
SRNE Sorrento Therapeutics Inc Nasdaq 32.42% 227.00M 262.94M Biotechnology & Medical Research
WKHS Workhorse Group Inc Nasdaq 31.76% 109.42M 120.53M Auto & Truck Manufacturers
RUBY Rubius Therapeutics Inc Nasdaq 31.69% 32.55M 80.92M Biotechnology & Medical Research
REV Revlon Inc NYSE 31.65% 6.81M 53.33M Personal & Household Products
EBIX Ebix, Inc. Nasdaq 29.62% 25.35M 30.96M Computer Networks
MIK Michaels Companies Inc Nasdaq 29.57% 83.36M 147.65M Retail (Specialty Non-Apparel)
JWN Nordstrom, Inc. NYSE 28.97% 109.23M 157.68M Retailers - Department Stores
SDC SmileDirectClub Inc Nasdaq 28.78% 93.13M 113.55M Medical Equipment, Supplies & Distribution
OPK Opko Health Inc. Nasdaq 28.47% 404.72M 670.00M Biotechnology & Drugs
LAZR Luminar Technologies Inc Nasdaq 28.09% 34.38M 218.82M Electronic Equipment & Parts
DDD 3D Systems Corporation NYSE 27.95% 119.69M 124.14M Computer Peripherals
CVM CEL-SCI Corporation AMEX 27.89% 38.09M 39.76M Biotechnology & Medical Research
LOVE Lovesac Co Nasdaq 27.51% 10.44M 14.68M Home Furnishings
MDGL Madrigal Pharmaceuticals Inc Nasdaq 27.16% 10.10M 15.44M Biotechnology & Medical Research
KNDI Kandi Technologies Group Inc Nasdaq 27.02% 57.89M 72.38M Auto & Truck Manufacturers
SCVL Shoe Carnival, Inc. Nasdaq 26.71% 8.61M 14.10M Retailers - Apparel & Accessories
CAKE Cheesecake Factory Inc Nasdaq 26.60% 42.08M 45.58M Restaurants
ICPT Intercept Pharmaceuticals Inc Nasdaq 26.50% 27.66M 32.99M Biotechnology & Medical Research
RVLV Revolve Group Inc NYSE 26.38% 25.54M 25.75M Retailers - Department Stores
BLNK Blink Charging Co Nasdaq 26.00% 33.62M 35.95M Utilities - Electric
CVNA Carvana Co NYSE 25.67% 68.67M 69.43M Retail (Specialty Non-Apparel)
LCI Lannett Company, Inc. NYSE 25.65% 31.40M 41.70M Biotechnology & Drugs
RXT Rackspace Technology, Inc. Nasdaq 25.45% 34.29M 200.29M IT Services & Consulting
APT Alpha Pro Tech, Ltd. AMEX 25.40% 11.53M 13.58M Medical Equipment, Supplies & Distribution
Play smart .
Thumbs up are appreciated .
Cheers see you next time .
SPCE - These are our chosen paths....which one will it beI think we have already been shorted enough...I see a solid base at $41 but I think in the day or days to come these are the paths we will take. GL!
SPCE: Bullish FlagBullish Pennant
Pros:
Descending volume during formation
PPS above 50MA and 200MA
RS above 0, and ascending
ATR Ascending
R/R ratio above 25, high
200MA ascending, but barely
250RSI above 50
If confirmed:
PT = 71.29$
SPCE shortSPCE taking a bearish move in the short term. Lots of people have been taking profits and selling off SPCE in the last 2 days + coupled with everything going, a spike in the VIX.....and the indicators.
[SPCE] Launch is a SUCCESS... Profits Now Orbiting My Wallet!Follow along on this 14D SPCE Launch!
What a beautiful takeoff from our green growth trend fractal all the way up to exactly KISS the third growth fractal iteration.
I dunno what it is about this stock but fractal theory has now called two peaks exactly on the nose:
I think SPCE will follow the market back down but I don't think we'll ever see the Value Channel again, gotta keep revising that one up, bottoms just going to get higher and higher.
Here's some OG #chartporn...
SPCE possible short squeeseI see a potential short squeese on SPCE comming up. SPCE is massivly shorted and the stock is gaining.
Short Percent of Float: 81.53 %
Shares Float: 53,650,000
Short Interest (Shares Short): 43,740,000
Short Interest Ratio (Days To Cover): 3.1
% From 52-Wk High ($ 57.86): 4.50%
% From 50-Day MA ($ 27.24): 54.35%
% From 200-Day MA ($ 20.59): 104.27%
% From 52-Wk Low ($ 9.06): 364.13%
52-Week Performance: 176.83%
SPCE - Support and Resistance - Diamond Performance Cubewent right by the original cup and handle targets on the squeeze.
[SPCE] 56 Likely MAX Peak... May Need One More Landing First!We're still well below there it may fall short but it's unlikely to go over.
Thinkin we probably get a retrace back to purple after this runup.
Let's conquer the spaceI love the idea to travel in the space as a tourist, and I expect that it is not just me.
So after an IPO mania, there was consolidation with higher lows in 2020 and now there is an island gap on the daily chart.
If this gap won't be filled than new highs will come. I hope to see that but be that as it may with the gap I consider this as a buy and hold investment.
This forecast was created to support you, but you have to make your trading decisions independently! As nobody sees the future, I recommend you that always apply risk management during your trading!
