Space Flagging on top of support here. Breakout was 32.58. If we break 35.70 we can go long with an easy trade to 42.65
SPCE trade ideas
SPCE - MULTIPLE SCENARIOS - DEFIENTELY LONG SHORT TERM!Good Ol' SPCE, the swing monster:
Entered calls at $31 after seeing the volatility squeeze and bottom of the cup forming. Profit targets set at 40.66 and 43.57 with respective .5fib and .618 fib. Trimming positions at these levels, will continue holding the rest of my positions if .618 fib is broken and aim for 1:1 retracement at 52.95. If price reverses at .5 or .618 fibs, I will consider this move a correction to the down trend and will enter puts/short, riding it down to $20. Watch these aforementioned key levels to enter, I am prepped for any scenario currently that the chart has presented.
Bullish indications:
RSI: 30m, 4hr, and 1d, all trending up, this is rare to find and increases my confidence that price will hit atleast the 40.66 level.
MACD: 1day Bullish Divergence cross over, be careful tho as the 30m macd is crossing over with a bearish divergence, this is less prominent as it's only the 30m. The longer the interval, the higher the importance. 1 days trumps 30m on RSI but a 30m cross over could allow better position entry. Although I personally wouldn't take the chance as the price action and structure is strong.
If this doesn't get rejected on the way up, I could see potential for this sucker to blast to 71.10, it all depends on how fast it can move through these key fib levels.
4hr chart:
1D chart:
SPCE: Is it about to reverse the trend?Hello traders and investors! Let’s see how SPCE is doing today!
The stock is in a crystal-clear short-term bull trend , as seen in the 1h chart, because it is doing higher highs/lows . The problem is the resistance at the $ 33.90 , which seems to be giving a hard time for SPCE.
Now, we are doing a pullback, as usual, and the two main supports are the 21 ema and the purple trendline.
In the daily chart, we see that SPCE is just dancing around the support at the 61.8% Fibonacci's Retracement , and it is trying to reverse. Today, we hit the 50% retracement, and we are clearly trying to defeat the 21 ema. The volume is increasing, while during the accumulation seen in the last weeks it was very low.
If SPCE is about to reverse for good, it must defeat the $ 33.90 once for all, but it might do a pullback before. It is not my favorite stock, but between a long or a short trade, definitely the Risk/Reward ratio favor long trades.
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Have a good weekend.
SPCEStrong move today. Formed a nice base at RSI 38.2 level. If it closes above $34 it will clear resistance at the daily 20/50 EMAs.
SPCESitting on 0.618 support. Earnings tonight or in the AM. Have a small lotto play in case it wants to go crazy.
A lot of liquidity below 30 created, price will likely followSo far Virgin Galactic was an abysmal investment for me. Although I bought CFDs low at about 24 and sold a lot higher, I started buying shares up there and the price dropped. Anyway, I am planning to buy some more shares between $20 and $25 if the price gets there.
Why am I planning to buy when I am already exposed to SPCE? - this company has good prospects for the future. Virgin Galactic is doing its thing more efficiently than Blue Origin. The vertical start is very inefficient and even though it gets Bezoss' New Shepard higher and into actual space, I don't think the people will care that much. As long as they can see that the planet is an oblate spheroid, they will be happy with the experience.
Space tourism might be somewhat threatened by the green activists who think that it will damage the environment too much. Activists are often just political pawns who didn't do their research, so I see how they may be drawn to the logical conclusion that space tourism is bad. But that doesn't make it true whatsoever for a number of reasons I won't be getting into on a Trading platform.
Another threat that might look to be relevant might be posed by socialists/communists on Twitter who know best how to spend someone else's money. Fortunately, they seem to be numerous on Twitter but in the real world, they are outnumbered by the people who see our future in space. Wright brothers who invented airplanes might have also faced people who would say 'Why don't you make bicycles for the needy instead? I don't think these "experts" will be able to stop technological progress.
Why do I think the price has a high probability of reaching for these lower prices? - if there is any blatantly obvious market level, both stop orders will be there! In this case, there will be stop-losses of people who hold longs and who own real shares. There could also be stop-market orders of those who think that this company is a toast (not in this case probably). Anyway, that is the only place where the institutions can open their large orders.
When they want to go long, they need someone to sell to them! It will be those who had stop-loss orders there. As much as I expect Virgin to be a prosperous company in the future and with their commercial (almost) space flights starting next year, I think we will get a good price for the last time in the coming weeks and months.
SPCE, We must Down on Runway before Up to Space!SPCE: We must Down on Runway before Up to Space! Support on 5 year chart: 50 ema, 30$. Strong support: 25$ (2,5 year main trendline). Resistance on 5 year chart: 20 ema.
8/2 SPCE(1) weekly chart
(2) I will pick up more if reaching the bottom of pink tunnel
(3) keep in mind of the yellow gap below
(4) 22 as my next planned entry price
(5) long-term
$SPCE Weekly Downtrend | Target: $10Hello everyone
I am new to charting, so you are more than welcome to point out any mistakes. What I see is that it has a Bullish Pennant that resulted in a breakout to a much higher price. After that there is a downtrend which we are currently in.
SPCESo, SPCE has been out of favour for a while but could it be ready for move to the upside? Firstly, it is consolidating at the daily 200 SMA. Secondly, the RSI is also basing at the 38.2 level. This level acted as strong support and resistance in the past. So, this level of RSI has to be respected. The Stochastics is also oversold. Putting all together favours a move to the upside. Any rebound will initially encounter resistance at the daily 20/50 EMAs.
VIRGIN GALACTIC : let wait retrace to smart support VIRGIN GALACTIC : let wait retrace to smart blue support
SPCE Buy HERE for long term gainsWe most likely will create a giant weekly M pattern before breaking out strongly to the upside. This pattern is going to take a long long time to play out so set your alerts at $15 and forget about it.
In the mean time there will be bounces and drops for short term weekly option trades.
Virgin Galactic Holdings Inc.Monday, 26 July 2021
18:57 PM (WIB)
KEY INFORMATION:
Name: Virgin Galactic Holdings, Inc.
Ticker: SPCE
Exchange: NYSE
Founded: 2017
Industry: Aerospace and Defense
Sector: Capital Goods
Market Cap: US$7.124b
Below Fair Value: SPCE ($29.58) is trading below our estimate of fair value ($55.98)
BUSINESS PROFILE:
Virgin Galactic Holdings, Inc., an integrated aerospace company, develops human spaceflight for private individuals and researchers in the United States. It also manufactures air and space vehicles. The company’s spaceship operations include commercial human spaceflight, flying commercial research, and development payloads into space. In addition, it engages in the design and development, manufacturing, ground and flight testing, and post-flight maintenance of spaceflight vehicles. The company was founded in 2017 is headquartered in Las Cruces, New Mexico.
TOP SHAREHOLDERS:
23.59% | Virgin Group Holdings Limited
6.54% | SCH Sponsor Corp.
4.9% | Aabar Space, Inc.
4.77% | The Vanguard Group, Inc.
2.25% | BlackRock, Inc.
1.17% | Renaissance Technologies Corp.
1.05% | State Street Global Advisors, Inc.
Consolidating for Up or Down Area SPCEBasing around the 200 day, looking for a swing trade out of this consolidation area. 35 for the upside and 28.50 for the downside. I dont think this is a bear flag as there is really no higher lows within the consolidation for an upside argument and for a downside it has broke above and breached below the 200 twice over the last days. Trade out of the box
SPCE Time Below 200 Day MAThis chart simply shows the length of time SPCE has spent below the 200 day MA in the past. This may help some of you manage your expectations.
It is possible that things have "changed" and as the hype may have reached it's climax, but based on technical analysis we have zero indication at this time that this is true. So far, the uptrend is intact and the price is behaving "normal" as we can see based on historical price action.
In the past, we have seen that any buy below the 200 day moving average has been well rewarded, however there is always that chance that this time is different, as with any trend.
Please see my related idea below on SPCE showing previous draw downs and gains from the 200 day moving average.
Also, please like this post if it helped you in any way - it'll encourage me to post more content.
Can SPCE regain the channel?SPCE possible fear buy today. Dropped lower than expected but held .618 with potential to re-enter channel and push towards 35 level. Low risk entry with stop below fib
