SPCE trade ideas
[SPCE] Launch is a SUCCESS... Profits Now Orbiting My Wallet!Follow along on this 14D SPCE Launch!
What a beautiful takeoff from our green growth trend fractal all the way up to exactly KISS the third growth fractal iteration.
I dunno what it is about this stock but fractal theory has now called two peaks exactly on the nose:
I think SPCE will follow the market back down but I don't think we'll ever see the Value Channel again, gotta keep revising that one up, bottoms just going to get higher and higher.
Here's some OG #chartporn...
SPCE possible short squeeseI see a potential short squeese on SPCE comming up. SPCE is massivly shorted and the stock is gaining.
Short Percent of Float: 81.53 %
Shares Float: 53,650,000
Short Interest (Shares Short): 43,740,000
Short Interest Ratio (Days To Cover): 3.1
% From 52-Wk High ($ 57.86): 4.50%
% From 50-Day MA ($ 27.24): 54.35%
% From 200-Day MA ($ 20.59): 104.27%
% From 52-Wk Low ($ 9.06): 364.13%
52-Week Performance: 176.83%
SPCE - Support and Resistance - Diamond Performance Cubewent right by the original cup and handle targets on the squeeze.
[SPCE] 56 Likely MAX Peak... May Need One More Landing First!We're still well below there it may fall short but it's unlikely to go over.
Thinkin we probably get a retrace back to purple after this runup.
Let's conquer the spaceI love the idea to travel in the space as a tourist, and I expect that it is not just me.
So after an IPO mania, there was consolidation with higher lows in 2020 and now there is an island gap on the daily chart.
If this gap won't be filled than new highs will come. I hope to see that but be that as it may with the gap I consider this as a buy and hold investment.
This forecast was created to support you, but you have to make your trading decisions independently! As nobody sees the future, I recommend you that always apply risk management during your trading!
SPCE space travel, destination: moonHere is our newest $SPCE travel plan. Buckle your seatbelts, we are ready to ignite.
Island bottom in an uptrend = bullish for Virgin GalacticFirst time I've noticed an island bottom in the middle of an uptrend.
Looks bullish to me.
SPCE - Time to reach new All Time Highs!Hello guys, thank you all for tuning in!
I am going to divide the analysis into 4 parts, so we can go deeper into the trading idea!
Technicals:
- The price completed the Cup and Handle pattern on the 1H chart and went from 34$ to 44$ and even higher.
- SPCE broke through the Daily Triangle shown on the chart with enormous volume and the next target is 50$.
- The pullback is to be expected to 40$ - 30$. The price has soared too fast! The RSI is overbought on the 1H, 4H, and Daily charts and we have a Divergence.
- After the pullback, the Daily Triangle pattern has a target of 70$.
Fundamentals:
- ARKX is the new Space ETF, created by Cathy Woods. It had a huge contribution to the jump in price.
- There are many rumors about SPCE being included in the ETF. Cathy has been aggressively increasing her position and believes in the company Long Term.
- SPCE is most likely going to be in the top 3 positions of ARKX, so this will drive the price even higher.
- The problem with the engine has been identified and is going to be taken care of. A new test flight is to be expected in February.
- There are going to be a few more test flights driving the price up.
- Somewhere between March and April, Sir Richard Branson is going to fly into space and be the first Space Tourist. This will be huge for SPCE, the target will be 100$.
Conclusion:
Virgin Galactics is an extraordinary company. They are creating a whole new industry of Commercial Space Travel, so the returns, if they succeed, are going to be enormous.
This stock in my opinion is an extremely Long-Term investment. I would say it is a speculative stock and right now, they are on the right path!
My price predictions:
- 1 year: 150$ - 200$
- 3 years: 300 - 500$
- 5 years : 500$ - 1000$
This is not a financial advice, please do your own DD. I would appreciate the like and follow as this will keep me motivated to post more trading ideas!
Feel free to share your trading ideas or add something to this idea in the comments.
See you guys on the next trading idea, take care!
SPCE retrace before achieving the next levelI am targeting a 28.00 entry on it. Then a hold to 62. Overall bullish. Think they have a flight in the second week of Feb that could catalize next leg up.
SPCE - Diamond Performance Cube - Potential Bull Levelsmay need to see a cool off period, watching for bull pennant pattern. @daweizhang0202
SPCE - DPD Update - Bull Break EditionWorking through the .35/.382 zone of the upper channel - strong move.
SPCE - Lakes and Waterfalls - Diamond Performance Dashboard. Market completed the V-Shape recovery after the technical correction, cooled off the Calls for a few hours. Scouting volume on SPCE .
SPCE - Diamond Performance Cube - Cup and Handle Confirmedtop of channel resistance - .5 upper channel support.
Cup and HandleEstimated Earnings 2-25..
Small divergence on daily but not on the weekly timeframe..
Hammer on monthly and weekly, as well as daily timeframes and is opening a bit higher on Monday..
ABC bullish pattern also still kicking..
Not a recommendation..
Short interest is high, very high..Shorties are not always right and could actually have contributed to the price rise..
It looks as if accumulation took place down under 15 as NV is flat. By no means does this mean this can not go higher, but Mr Market has most likely been selling off and on throughout this rally and probably has some more to sell at the top. Hard to know because he never behaves the same way twice, but will add just enough variation to present a challenge.
Just do not let him give you the very rope that you could hang yourself with (o: Be safe..
Long Bullish SPCE - Fundamentally, I'm bullish (long position) on this.
With the mothership flight test success, and the hope of spaceplane future flight test
could be a baby step heading in the right direction.
Additionally, the recent SpaceX news could also pump all the space industry.
However, TA is showing an island reversal at $29.2 areas (potential for gap fills).
Over 34.8 for a call tg1 36 tg2 37.5 (daytrade)
Sell loss -20%
