SPCE - good enough for moving upNYSE:SPCE looks that it has found a bottom and have been sustaining for some time to be prepared for turn around.
My view, that in 6 months we will see a leap till the ceiling of 25-26.
Not a recommendation.
SPCE trade ideas
$SPCE - up or down?In my view NYSE:SPCE stopped a current phase of falling down and forming the plato, which will be a fundament for the next steps. We will be observing a huge profitable company for patient investors during the next years. In my point of view, as well, that it can bring till the x100 in the ending of the growth phase.
Goal for the end of 2024 is 4-4.5.
Does not constitute a recommendation.
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Virgin Galatic: Long Trade Interest Greetings Everyone ,
What is Virgin Galactic?
Virgin Galactic is a spaceflight company focused on making space tourism possible. Originally founded by Sir Richard Branson in 2004, it operates suborbital flights for private passengers and researchers. Its main spacecraft, VSS Unity, offers trips to the edge of space.
Who is the CEO?
The CEO is Michael Colglazier, who took over in 2020 after a career at Disney. He brings experience in creating memorable customer experiences to the company.
Purpose
Virgin Galactic was founded with a mission to make space travel accessible and drive aerospace innovation.
VG Earnings
The company started commercial flights in 2023 but is not yet profitable. In Q3 2024, it reported:
• Revenue: $1.4 million
• Net Loss: $117 million
Virgin Galactic is focusing on increasing flight frequency and customer bookings.
Technicals: What am I Seeing?
Accumulation Base
A sideways or slightly upward price movement, where big investors are buying shares without driving prices higher. It often happens after a drop and before a breakout.
Volume Spikes
A sudden increase in trading volume, signaling major interest:
Bullish spikes: Confirm upward breakouts.
Bearish spikes: Indicate panic selling or reversals.
Shallow Retracement
A small pullback in price during an uptrend, showing strong momentum.
Weak fundamentals :/.
Might open a starter option position fingers cross.
Best,
C Lemard
Breakout into space or going to zeroSPACE stocks have been strong this is on the cusp of breaking out after moving above the 50 and 100 MA on the DAILY. Institutions also loaded up Q3. From a quick read this is a RISKY investment
25% SI grabbed some shares today.
SPCE to $8 Short term Trade. looks like it is channeling. Hitting Support level at the moment. Looks like a great time to enter for a short ride to $8.
SPCE (Virgin Galactic Holdings, Inc.) BUY TF D1 TP = 24.46On the D1 chart the trend started on Aug. 9. (linear regression channel).
There is a high probability of profit taking. Possible take profit level is 24.46
This level, which I have outlined above, is certainly not a “finish” level. But it is the level that has the “highest percentage of hits on target.”
Using a trailing stop is also a good idea!
Please leave your feedback, your opinion. I am very interested in it. Thank you!
Good luck!
Regards, WeBelievelnTrading
SPCE, Price is preppin for a SPACE FLIGHT soon!!! SPCE is amassing massive net buy positions this past few days/weeks. It has registered +40% increase in net volume, from 66M to 95M. Buyers are back into the scene after the company has battled a longterm decline in its price from its peak at 62. But recent news has stirred some interest back on the company as Virgin Galactic completed its long-awaited first commercial spaceflight, called Galactic 01, on Thursday.
On our technical data, Monthly Histogram has been consistently ascending this past few months -- now on its 6th month. Bubble up volume (bottom indicator) has appeared after almost two years of waiting (June 2021), 2nd one only for this year (Feb 2023, June 2023).
The gap between the last two ones is 2 years conveying that buyers are now anticipating price valuation for the company -- with the recent good news. The current price range will be the new base for incoming series of ascend.
Price is back at 1.0 FIB level on monthly -- a bargain that's hard to resist.
Spotted at 4.20
Safeguard capital always.
-------------
related news: source CNBC site.
Virgin Galactic launches first-ever commercial space flight Space tourism company Virgin Galactic, founded by Sir Richard Branson in 2004, completed its long-awaited first commercial spaceflight, called Galactic 01, on Thursday.
Taking off from Spaceport America in New Mexico, the company’s spacecraft was flown by a pair of pilots and carried four passengers: a Virgin Galactic trainer, to oversee the mission from inside the cabin, and its first trio of paying customers. The three paying passengers are members of the Italian Air Force. The flight also carried 13 research payloads onboard.
Virgin Galactic’s start to commercial service comes after years of delays and setbacks. The company previously said if Galactic 01 was a success, it would plan to fly its second mission as soon as August and then aim to begin flying its spacecraft, VSS Unity, once a month.
Virgin Galactic stock fell 10% Thursday after the successful flight.
Sign up here to receive weekly editions of CNBC’s Investing in Space newsletter.
The company continues to raise capital to fund development of its coming Delta class of spacecraft, aiming to build a fleet of vehicles that can each fly at least once a week.
Virgin Galactic has a backlog of about 800 passengers. Many of those tickets were sold at prices between $200,000 and $250,000 over a decade ago, but the company reopened ticket sales two years ago, with pricing beginning at $450,000 per seat.
SPCE key levelSPCE is on a downward trend, (it failed the asymmetrical triangle) but is there a possible reversal on the horizon?
BJ Level indicator and the long wick candle near it gives possibility that the downward trend may be broken in the future.
Also, around last month this time it had some greenish activity.
The SRSI numbers are low, but it does have a positive cross over.
Have a nice day
SPCE Asymmetrical Triangle SPCE is still forming and Asymmetrical Triangle on the D TF, there is still hope it may take flight
SPCE - Short Squeeze BreakoutSPCE appears to have a decent uptick in these recent days.
The resistance at the $7.00 - $7.10 range appears to be shorts trying to maintain sell pressure. However, this stock is growing in interest, peoples screeners are picking it up/retail is beginning to notice the setup. Ideally we see a fast move to the $10 range soon, no major resistance points till the Neckline ridge.
A note:
Once SPCE hist the $10 mark, it will effectively be up 100% from the All-Time-Low it made just 2-3 weeks ago, this could begin a cascade of a squeeze that could move very hard and very fast, highest I can see is $14.00 as shorts in the $7.00 range here will expend a lot of capital to maintain their positions.
SPCE May take flightSPCE is forming a large ascending triangle with a double bottom near a key level.
It also has positive MACD readings, CCI and SRSI levels.
Thank you for your time
SPCE watching closely for some correction and short squeezeMoney is started flowing to mega cap to small med cap stocks and seems highly shorted stock being squeezed in coming months. Could see some bullish momentums.
SPCE ChartAs long as 8.11 holds here this should rip up towards 10$. Check out levels for entries and exits. this a zach morris call so should move within the next 2 weeks.
Virgin Galactic -Top and Bottom-Top and Bottom are 203.84 and 0.80
Above 203.84 the chart is worthless until we revisit the area below 203.84
The Painful Years of Doomscrolling Are Coming to an End: UpdateMade a throw in the 5th wave. Most likely a reversal.
Virgin Galactic's Arguments:
Virgin Galactic claims that Boeing performed substandard work and did not provide all the required data. The company also asserts that it has rights to use the transferred trade secrets according to the contract. If Virgin Galactic can convincingly prove that Boeing indeed performed inadequately and that the transferred information rightfully belongs to Virgin Galactic or is used legally, the court may rule in their favor.
Chances of Success:
Quality of Evidence: Strong documentary evidence of Boeing's poor performance and confirmation of intellectual property rights.
Legal Strategy: Skillful legal defense and counterarguments that can persuade the judge of Virgin Galactic's position.
History of Lawsuits: If Boeing has a history of losing similar cases, this could strengthen Virgin Galactic's position.
Impact of Recent Events: The results of the CST-100 Starliner's mission to the ISS, which began on June 5 and was supposed to last eight days until June 13, 2024, will also significantly influence the outcome of the legal case.
Forecast:
Predicting the exact chances is difficult without a detailed analysis of all the case materials. However, if Virgin Galactic's evidence and arguments are convincing, the company has a real chance of success.
Updates:
Starliner's Extended Stay:
NASA reported that the Starliner's stay at the ISS has been extended and it will not leave the station before June 22. This extension may impact the ongoing legal proceedings between the companies.
Potential Boeing Scandal:
American astronauts are stranded on the ISS due to a malfunction of the Boeing Starliner spacecraft. During the flight, four engines failed simultaneously, and before the departure to Earth, the astronauts discovered a significant helium leak, which is essential for the fuel system's operation. NASA is currently exploring the possibility of a rescue operation; however, the astronauts have limited time: the spacecraft can remain docked to the station for only 45 days.
These issues with the spacecraft could negatively impact Boeing's position in the legal case and improve Virgin Galactic's chances of success.
The Painful Years of Doomscrolling Are Coming to an End:Uncovering the True Structure of Social Sentiment in
NYSE:SPCE
I have identified a descending five-wave impulse pattern, where the fifth wave forms a terminal diagonal.
Confirmation Criteria for My Analysis:
By June 22-23, the price must precisely reach the $1.38-$1.39 range, not a cent higher or lower, and then correct in the format of the 5th wave of the terminal diagonal.
By October 16-18, 2024, the correction should not drop below $0.3576 for the 5th wave of the diagonal.
If these conditions are met, it would be an opportunity to look for a long position targeting a new high above the (E) wave of the impulse and a subsequent long-term bullish trend (keep an eye on the golden crumbs).
Additional Insight:
It is possible that the 4th wave of the diagonal has already been set, and there is a slight chance that the 5th wave of the terminal diagonal is also complete. The price might drop as low as $0.36, but it might not happen until as late as September 9, 2024. Once the lows are established by September 9, 2024, they must not be broken under any circumstances. If these lows are breached, we will need to explore alternative scenarios.
Alternative Scenario:
I foresee a blood-red path, but this requires a more detailed explanation, which I will provide later.
Virgin Galactic: Sky's the Limit for Space Tourism's TrailblazerVirgin Galactic is pioneering the emerging space tourism industry, with a successful test flight marking an important milestone. With a strong brand, visionary leadership, and a growing list of customers, the company is poised to capitalize on the high-end tourism market.
Moreover, Virgin Galactic has the potential to generate substantial revenue from jet propulsion sales, and its stock price has been volatile but overall bullish.
SPCE this penny stock could launch from the support area LONGSPCE has lots of potential but sometimes gets bogged down with "technical difficulties"
It is burning cash just less than the analysts have predicted. As such it is a risky trade. Best
probabilities for success on a long trade is to buy as low as possible and hope that is its
now putting in a reliable double bottom on a six month trend down. On the 30 minute chart
I have marked upside targets on the volume profile not shown . I am expecting 100-150% in this
swing long trade which may last 4-8 months.
SPCE Long entry here!Good day,
When VR is green its a strong buy signal when VR is blue its a buy signal. When VR is red its a strong sell signal, when VR is orange its a sell signal. Preferably, would have liked to see a green buy signal on the weekly before entering the trade- we got a blue signal. With all that's been going with Boeing selling shares to raise cash I do believe SPCE has bottomed. VR 4 HR chart looks good but I expect a pullback how reliable is VR ?
How VR works?
When VR is below 30, oversold. When VR above 70, overbought. A word of caution, when VR goes to 100 (red) or to 0 (green) price may still go up or down. However the next candle on the Heiken ashi that goes red in an uptrend is the top and vise versa. Note: I execute on 5 minute time frame.
IT IS TIME.The Golden Buy opportunity was april 23, 2024
SPCE has been slowly finding a bottom. from what I understand, Virgin Galactic has had a phenomenal year this year. The numbers have been looking better and better as they have been getting closer and closer to their full launching stage. They are projecting more trips into space as of next year. Buying shares now will put shareholders in a prime position over the next 10+ years. I am projecting a 5x share price growth over the next year.
Dynamic Moving Averages
I use Dynamic moving averages to show me goo entries and where potential bottoms would be. Using the averages I see that we are starting to trade higher than the 5-day moving average. This symbolizes an increased trade interest. While there is a big Bear still holding a massive, short position, it does appear the value of the short positions are steadily decreasing. Is this the time to start buying at a rapid scale? I do own position in SPCE. I have always advocated for SPCE I do feel like they are a prominent company and have a world changing product.
SPCE Virgin Galactic Holdings Options Ahead of EarningsAnalyzing the options chain and the chart patterns of SPCE Virgin Galactic Holdings prior to the earnings report this week,
I would consider purchasing the 0.50usd strike price Puts with
an expiration date of 2024-7-19,
for a premium of approximately $0.05.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
$SPCE - will it be able to show x2 ?Expecting NYSE:SPCE near 8 during the nearest time (1-2 months).
Does not constitute a recommendation.
#investing #stocks #idea #forecast #furoreggs
If you want to discuss, please subscribe and challenge my point of view )
Mega falling wedge. Opportunity of a lifetime?Is this an opportunity of a lifetime? Ultra mega falling wedge!!!
