SPCE trade ideas
Something to keep an eye on This can be a nice play up till earnings. Looking for that gap fill then hopefully enough buyers will push it up. I would play for a quick sell at $58-$59 then buying back in on a small pull back.
BUY $SPCE - 02.15.2021Stockonomy Weekly Pick 02.15.2021
$SPCE has seen a strong run-up in recent weeks on strong volume.
Volume has since dried up on strong consolidation and an oversold StochRSI.
Look for another inside day or further sideways movement for an ideal entry in the coming days.
hot $SPCE test flight and stock prediction.Despite volatility, the stock is steadily rising and will probably reach 100$ by late March or April.
And if Ark launches the new Space ETF, it is no doubt it will include a portion of VG, which means this stock is going to touch the outter space.
Stong Buy.
SPCE triangle heaven and we had a sneak peakSPCE pulled back to it's major trend line this morning after a brief tease of what will happen soon. Keep you seat belts bucked and hang on. I love cult stocks!! Although I know in the event of a launch of this stock price we will come back to reality or at least in the 30's-40's until the next round begins. GL! :)
Wave 4 incoming (short-term short, long-term long)Dear trader, this is a valuable company and worth holding for the long term returns. But here is a quick technical analysis.
Combination of our Elliott waves, Fibonacci and 14 MA makes a good case for this price predication. We could potentially go higher and continue our 3rd wave, but a more likely scenario after a +14% day, would be a retracement starting Monday down to 40's by mid March. Let's see how it unfolds.
This is not an financial advice. But if you liked this analysis, please like this post and follow me for more.
SPCE Ascending Triangle longSPCE bounced off of a sloping support at the bottom of ascending triangle bullish continuation pattern (bull pennant), looking like it might be a good entry for long trade as we are currently still sitting close to that suppot. Based on historical performance rally can be expected up until the day of scheduled test flight (February 13th). Fibonacci Retracement (December swing high and January swing low) used to map out support/resistance levels above ATH, upper $80 target coincides with conservatively measured height of the triangle and lines up with psychological resistance at multiple of 10. Price could rally again on successful test flight and leading up to earnings on February 25th with next resistance expected at $100. Stock is currently in strong bullish uptrend so the momentum is there. Cautious traders might want to wait until triangle breaks out o the upside (and possibly gets backtested for support).
[SPCE] Peak Orbit Reached... Heading Back to Earth for LANDING!It could be a continuation pause but doesn't feel right. More likely it reverses back down here.
Notice how Price came to rest exactly on the fractal mid-line. That downchannel fractal also got tested pretty spot on from both sides on Prices way up.
I expanded the Value Channel yet again here, doubling it. That puts any Price under 30 as target pickup but it also may never reach back down there again, only time will tell.
SPCE could break much higher soonVirgin Galactic NYSE:SPCE is currently writing chapter 1 of an Elon Musk-style comeback story. February 13th opens another launch window for the next Virgin Galactic space flight. Sir Richard Branson himself will be going up after a couple more successful trips to prove safety and create what will be a huge global news story. The company has already taken thousands of deposits from wealthy clients proving demand for space tourism is real. I predict that as history's first space-tourists begin to return to Earth with passionate stories about how the experience changed their life, demand will explode. Investing in a pivotal moment in human history is a once in a lifetime opportunity. Technically, the recent dip is on the bottom of an upward trend channel and bullish divergence exists on the RSI with the recent pull back. Keep an eye out for the expected bounce for short term profits and then decide if you want to become a long term investor. Obviously, an unexpected disaster could completely tank the stock at these levels , so this is a big risk/reward long term play. If you stay long, you may find yourself using proceeds to venture to outer space. How cool would that be?
Shorting @SPCE See the chart, I don't think I have to explain why this we need to short this stock! Price is more than 30% above 21 day moving average!
