SPCE trade ideas
Feeling spaced out? Virgin Galactic Holdings
Short Term - We look to Sell at 7.56 (stop at 8.42)
Preferred trade is to sell into rallies. Broken out of the channel formation to the downside. We have a 38.2% Fibonacci pullback level of 7.47 from 11.25 to 5.14. Our overall sentiment remains bearish looking for lower levels. Previous resistance located at 7.50.
Our profit targets will be 5.19 and 4.18
Resistance: 7.50 / 9.00 / 11.00
Support: 5.00 / 4.00 / 3.00
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
SPCE: Ready to go (down) Virgin Galactic Holdings
Short Term - We look to Sell at 7.33 (stop at 8.19)
Preferred trade is to sell into rallies. Broken out of the channel formation to the downside. Mixed and choppy price action resulted in the early move lower being sustained and prices closing lower. Our overall sentiment remains bearish looking for lower levels.
Our profit targets will be 5.27 and 4.18
Resistance: 7.00 / 9.00 / 11.00
Support: 5.00 / 4.00 / 3.00
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
Virgin Galactic (NYSE: $SPCE) Just $6 Per Share w/ ATH @ $62! 🚀Virgin Galactic Holdings, Inc. focuses on the development, manufacture, and operation of spaceships and related technologies for conducting commercial human spaceflight and flying commercial research and development payloads into space. It is also involved in the ground and flight testing, and post-flight maintenance of its spaceflight system vehicles. The company serves private individuals, researchers, and government agencies. Virgin Galactic Holdings, Inc. was founded in 2017 is headquartered in Las Cruces, New Mexico. Virgin Galactic Holdings, Inc. was a former subsidiary of Virgin Orbit Holdings, Inc.
SPCE is it ready to fly to the stars?Virgin Galactic has developed an ABC downside corrective pattern. Now it seem to have ended wave 1 and 2 to the upside. Is it ready to fly to the stars? www.youtube.com
Bottom FormingNice entry here in the $7's ,
News coming out recently.
Could see a good bounce, maybe to $15
SPCE - just an ideaI guess its forming a megaphone pattern. I will buy at $6 and hold for long term. good luck to all.
not investment advice!
Long | SPCE NYSE:SPCE
Possible Scenario: Long
Evidence: Price Action, Money Flow, Oversold RSI
TP1: 9.15$
TP2: 10$
Call options Strike 10$, 4th Feb
This is my idea and could be wrong 100%.
SPCE i really like the prospects of this businessIf they don't go bankrupt before they become profitable i think this company has the potential to have an extremely favorable long term moat. First of all they have Virgins brand, knowledge and connections behind it, second this business is extremely capital/ talent intensive which within it self protects it from competition. Another plus is that only a persons imagination can limit this company about all the ways it can generate revenue in the future with its spaceships. They control prices of the tickets they sell, the price could be 200k it could be 500k, whatever they want it to be. Most of all they are entering a new untapped market. I mean i really love this one. If it gets to the scaling part this stock can be 100x from here in 10 years. Wall street is really silly by shorting this one.
SPCE SHORT BOUNCESHORT & BOUNCE
clear imbalance //
loose POC //
clear last imbalance //
clear GAP //
if gap not found as support and not bounced can go to weekly and daily level to get last sell side liquidity before bounce, or can bounce right at the gap.
Have a bless day.
SPCE Long Idea CLER IMBALANCE //
CHALLENGE POC //
TAKE OUT SELL LIQUIDITY // SFP
upside to cover gap and target buy liquidity at ~12.5
near term target 12.5
SPCE - Space tour coming, pump coming soon?Watching out for SPCE, news driven pump may come soon. My entry point would be at 25 EMA point, watch for volume at least 60 million. The day volume pass 60 million, next day pump. Banker chips has finish capitalise, waiting for next pump to come. Green line is resistance while blue lines are support.
SPCE - Early musingsIF, BIG IIIFFF, gets rejected here on middle BB, possibly tests recent low. That'd be really bullish case for a real relief rally. But then I am just musing. Time will tell...2 more days for 3D candle close.
I tried to go long, but got stopped out for a small gain...didn't like how it acted yesterday. will revisit when I see strong price action.
SPCE Ready to Go? Virgin Galactic Holdings
Short Term - We look to Buy at 10.11 (stop at 9.18)
Broken out of the channel formation to the upside. Trading volume is increasing. Dip buying offers good risk/reward. Previous resistance, now becomes support at 10.00.
Our profit targets will be 14.31 and 16.41
Resistance: 14.00 / 17.00 / 20.00
Support: 10.00 / 7.00 / 5.00
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
SpceFollowing the previous update and expectations for 50 fibo with 17, now greedy thoughts says what if pass 14.27 and how it will act above this number from volatility prospectiv,, greedy thoughts.
SPCE - Liftoff soon?Another short squeeze candidate that is primed for a take off. Above 10.95, watch for gap to filled and press higher.
Disclosure: long at 9.74
SPCE,ready to pumpHi every one.
Spce has broken its long term downtrend channel.
if weekly candel closed above 11.21$, it will probably be pumped up to 14$ in just a few days .the next target is 19.5$ (0.5 fibonacci level).in case of pullback to channel(9.15$) i will add many shares.
I made some pretty wild assumptions on SPCEI've been looking at this company and I've been trying to justify a positive valuation in the future. The only way that you can make sense of investing in this company is if you stretch your assumptions not for 5 but for 10 years from now. The biggest factor that will contribute to making that company profitable and scalable is the DELTA class that is suppose to be completed in 2025/ 2026. In the earnings call they said that they are projecting to be profitable in 2026 and they are working to create a system where they can build up to 6 delta ships per year efficiently. So in my Discount model calculations I've used the current ship classes up to year 4 and basically they are losing money for the next 4 years as they are trying to reduce the cash burn. From the 5th year to the 10th year I'm assuming that they will add 3 Delta ships per year to their fleet. After all the calculations that i conjured my intrinsic value comes to 46 dollars per share if they don't do a stock dilution, "they probably will to float the company till profitability". I'm assuming that I'm going to be half wrong with my assumptions and the intrinsic value for the next 10 years comes up to 23 bucks. The current price is 9 dollars per share. That is still 61% undervalued from my 23 dollar projections. So I think its a good buy from here. At least for the next couple of years. If they run out of money that is a different story.
SPCE an easy 3x from hereI think not only that it is possible to 3x this year from here. I think that it is probable. No one likes the stock right now and 25% of the free float is being shorted right now. This is a recipe for a sort squeeze or short covering. If it goes lower in the mean while just add more.
SPCE some simple calculations to monitor the financial safety I made a simple spread sheet to calculate what is the current financial health of this company. Keep in mind that this is my personal thought process and it might not be very accurate, but i would rather be a little off then not knowing exactly what is going on. Since this is a pre revenue company that loses money every year the thing that we need to analyze is how much cash they have on hand at all times on their balance sheet and what is their burn rate. Cash and short term investments 629 450 000 at the moment, their net loss last year was 230 000 000 which means that if not one cent gets injected in to the company for the next 2,73 years they will run out of money. I also calculated their Shares/ Cash which comes that 2,44$ of their current share price is covered by their cash and short term investments. So if you calculate the share price without the 2,44$, currently you are getting the company for 4,84$, which in my opinion in the current market environment is pretty cheap. I currently have a good chunk of shares in my portfolio on an average price of 11 bucks, but im planning to average down every 2 dollars that the share price falls, if it falls more. So my thinking is that considering that this is a futuristic aerospace company these price levels provide a relatively safe bet for 200- 400% gain in the next couple of years. Also they can always do a dilution for money money or get in more debt until they become profitable.
SPCE Virgin Galactic - Fueling For The MoonIf it closes the weekly candle body here above the lower green line, that would be a hold of major support and a very strong indication of a reversal. I bought my ticket to the galaxy at $7.30 in that wick down. This should get interesting.
SPCE a great buy at these pricesYou should be excited when the market is providing you with the opportunity to build a nice position at these levels. I always get excited when a company i like crashes for external reasons. We can easily finish the year in the 30s. There is nothing positive for the sentiment at the moment. This means a good development can sharply turn the price around and ones the shorts are forced to cover the price can spike.
