Cup and HandleGoing out on a limb here and this one is NOT to long entry level.
News will make this go up, possibly after a rough day today
No recommendation
SPCE trade ideas
$SPCE possible bounce on watch 38$ Hey guys been away on VK for a while , first day back at it (treading lightly). Watching $SPCE here after a perfect example of a 2-618 Short at 52.60 w daily inside bar (labeled both on chart) Eyes on this butterfly to flip $SPCE long, around 38$, stop & tp's all labeled on chart, Tp 1 my stop is even, i will update trigger level should we get there. I will attach SPCE's Last Butterfly as well in notes below. Thanks for checking it out, feel free to like or comment please.
SPCE: Is it worth to trade it right now?Hello traders and investors! Let’s take a look at SPCE today!
Yes, SPCE is dropping sharply, we have no reversal sign around, and there’s nothing telling us it’ll stop dropping. However, we have some key points to keep in mind.
Since we lost the 21 ema and the gap area (yellow square), which was indeed an Exhaustion Gap , I think we can work with Fibonacci here. Another support lost is the 38.2% retracement, and in these circumstances, the 50% retracement usually works.
This retracement level is around $ 35.80, which is starting to get close to the 21 ema in the weekly chart:
It looks like we had a huge V-Shape recovery here, and now we are just doing a pullback. In the mid-term, the odds are that one of the retracements will hold the price, but the 50% retracement would be a perfect support. If SPCE hits there, then it might be worth to trade it.
If SPCE will lose it afterwards, or if it’ll give us a reversal sign and fly again to the $ 60 we don’t know yet. SPCE could be an interesting stock to trade, but right now, my students and I are aiming for more interesting stocks.
Just focus on the points mentioned in this analysis and you’ll be just fine. If you liked this analysis, remember to follow me to keep in touch with my daily free studies, and support this idea if it helped you!
Thank you very much!
VIRGIN GALACTIC Ignore the rumors focus on the Buy ZoneThe flight of Virgin Galactic is the talk of the town but the recent rejection near the 62.80 Resistance reminds us to just follow the technicals. Since the November 2019 low the stock has been rising on Higher Lows with the 1D MA200 (orange trend-line) and the 1W MA100 (green trend-line) offering a rough Buy Zone along with the RSI. Until 62.80 breaks, the target should be on the Lower Highs trend-line. Above the 62.80 Resistance, the Fibonacci extensions come into play.
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SPCE $55 Support By AugustSPCE should be valued at NO LESS than $55 come August. After today's successful flight and the current bull flag it is in. It would come as a surprise if we brokedown from here. Opening above $50 on 7/12/21 would indicate a nice run up for the following week
SPCE bound *update*Currently testing those key supports at the $35-$40 mark we talked about last week, as the pattern starts to complete itself.
Watching for confluence of indicators, which could be the sign of a trend reversal & a strong buy signal.
I love it when a plan comes together.
Waiting for the earnings ...Richard went into space and the action went wrong direction.
Let me know what you think of SPCE.
SPCE fractal Just a theory, but SPCE looks to be repeating the same run up it had a few years ago. With indices still looking strong for the foreseeable future, a rising tide lifts all boats which should consequently see SPCE continue upwards too. Upwards of $120 by end of August if it plays out.
🟢 $NEW POSITION $SPCE Target 51.93 for 28.32% 🟢 $NEW POSITION Target 51.93 for 28.32%
Or double position at 29.01
Check chart for additional ADD levels…
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On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
I start every position with 1% of my account and build from there as needed and as possible.
I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
I finally added my YouTube Training Video to my profile tagline since I’m not allowed to on here. It’s a quick 15 minute training video on how to set up your chart and how to spot opportunities. So check here first but If you have questions just message me.
If you understand options at all I’m trying to learn so shoot me some pointers…
And if you can understand my charts at all you’re gonna crush it…
SpceAnyone grab that short with me. I move stops right now. I have support around here if this holds we could shoot back up to rejection area around 52 if it breaks I have strong support at 35.80 but breakdown would be 27.80. I do feel this could hold here. A lot said news news news but remeber charts usually show news buying events way before any media gets to it! 16$-55 is a huge move
VIRGIN GALACTIC - Space Flight Completed✔️👨🏻🚀Unlike English football not coming home and shocking the world with the racist attack on the poor sidelined bench players (go short on Southgate...), Sir Richard Branson 💂♂️🇬🇧 took England to outer space and back home, safely and in pure British style.
This is history in the making, the billionaire and visionary making his dream a reality and promoting his business in the best way possible.
Big BRAVO and a lot of LOVE and admiration for Branson and Virgin Galactic . Not sure if he had Italian pasta and a glass of Amarone when back home.. Forza Italia, well done.
Our chart also proposes a strong buy.
the FXPROFESSOR
$SPCE is gonna fall todayPupm&Dump trading strategy idea.
$SPCE is rising too much today.
The demand for shares of the company looks lower than the supply.
This and other conditions can cause a fall in the share price today.
So I opened a short position from $53,48;
stop-loss — $55,62;
take-profit — $49,22.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
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Virgin Galactichistory repeats itself.
We see how the news about the flight soared in price from 40 to 60 in one day, and then distribution began within 14 days.
I guess the stock price has already won back a successful flight, soaring 20%.
Soon, a SHORT up to 36 is quite likely.
SpceLooking for a short here on Monday resiatnce around 52.70-51.80. Support around 42.50-43. Would make sence to short down to support then keep tight stoploss in case support fails. A lot of signs similar to last toppin drop here. There are potential targets at 68$ as we’ll longer term however for now I’m feeling a drop short term
$SPCE Cup and Handle 1 DsyPotential Cup and Handle forming on the daily, if holds true, it should break out within next couple of day
Safe travels, Richard Branson.
SPCE: A chance that comes once in your lifeExtremely focus on chart details, please. We all can be reach if we dealt with what will happen on the 11th of July wisely
Massive run ahead, be wise, and aware of your resistances, take care!
TP1: All-time highs level (recommend you to hold because it will be weak)
TP2: 65$ (sell 50% then add above 70$)
TP3: 90$ (sell 90% of your shares, and just hold 10% till 100$)
SPCENeed to see SPCE break above three consolidation zones (shown in white)... using the volume profile (himareddy)...
SPCE, LONG SPCE has been good to me and I re-entered with a full position today after being in and out quite a few times as depicted on my chart ( excuse all the notes , I know its a little overwhelming ). Please ignore the notes they are irrelevant tot this idea . SPCE has announced a space flight is planned for approx. 3 days and 10 hours .This particular flight is fully crewed and Branson is attending. Their website base a timer counting down too btw.
I think that if the flight is a success the stock will run and if it is not we will see price plummet . It is as simple as that in my opinion .
But, This time with Branson also tagging along, odd are probably in our favor for a successful operation. So , I decided to re-enter this again as a new trade .
I highly suggest looking at SPCE's website . Its pretty cool and you will see that there are quite a few additional "nuggets" on there that will likely lead to additional runs in share price such as the "BECOME AN ASTRONAUT" section where they say
"This year, we’ll be making a limited number of tickets available for future spaceflights. Take the leap with us as we get one step closer to filling the world with astronauts."
There is really so much potential here .
Just keep in mind though that anything negative , perhaps a postponed flight or unsuccessful/aborted mission , will almost guaranteed tank the share price . That should be considered to help you manage risk .
I have decided to bet on a move to the upside though and a successful mission .
Potential FOMO on the horizonYesterday, SPCE grew well and with sufficient volume support. Perhaps, its a foreshadow of FOMO to come.
On 11th, Sunday, Virgin Galactic is having a mission with its founder Richard Branson on board. A first of major space companies will have its billionaire sent to space and back. Surely, this will create some interesting headlines.
I think SPCE is good to hold till they start commercial flights next year. Till then, it should perform well unless some disaster occurs on the way.
