SPCE consolidating on the hourly chartBased on the hourly chart SPCE is consolidating nicely. set up notification between support and resistance and wait for confirmation before taking the trade
SPCE trade ideas
SpaceX Probably Going To Outer Space. Going to outer-space looks good in these days and in the overall future. Predicting Doubling of value in 2022
Virgin Galactic SPCE Long 60%+Long idea for SPCE.
I identify a double bottom pattern on the daily chart, that may be doing a retest on the neckline (red rectangle area), which happens to be the 0.618 retracement and also a weekly support at around 23 USD.
If the retest is successful we may be looking for a 60% upside on this trade in the long term. Invalidation of this idea, is if it does not hold weekly support.
Virgin Galactic recently had a test flight, and the mission was to get VSS Unity to the space, unfortunately the objective of the mission was not achieved, but the spaceships and crew flown back and landed successfully on the spaceport without any problems, but that caused the recently price drop.
If the following test is successful SPCE will soar.
Please let me know what you think on the comments below.
Happy new year everybody!
SPCE Finished CorrectionSpce looks to be forming an inverse head and shoulders after falling in the 0.5 to 0.618 retracement zone after it's initial impulsive move. Look for break or retest of trendline
ABC BullishPrice is oushing down on C
As a rule a good place for a stop is under C. I looked and SPCE has hit 22.88 today but did not go lower
A= 17 and B = 35.82
Targets are calculated using AB leg and fib levels.
C can not go below A in this pattern
Not a recommendation
Bearish SPCE Chart Bearish SPCE as much as i am bullish on the chart i will never learn from my mistakes same exact set up BABA had that fooled me once but not again, Bearish trend-line that isn't close to breaking at all looking like a descending triangle as well, last 2 week of DEC i also saw these smaller companies get less flow into them as tech, it might be because low volume or my little theory on more money flowing into tech as we been seeing them make a move, higher risk but i see no reason to be bullish again until a launch of some sort (catalyst) not ultimate as i am not confident as this one as the others
[SPCE] Touchdown SOON Before Next LAUNCH!Unloading half my stake over 4 trades at average 33 worked out quite well with Price Action completing the expected mean reversion.
I have expanded the original Value Channel (magenta) by 3x now because Price Action is holding to the uptrend very strong and I do anticipate that to continue for years. Any BUY in the Value Channel likely to be good for a solid intra-year swing trade.
I'm very tempted to start scaling back in and will if I see signs of a trend reversal here but for now especially within the overall market conditions for the next couple weeks, I'm expecting a strong chance we can load up in the Value Channel again.
Will preferably start scaling back in on a green line X and each subsequent line X after that with a capstone bet as the trend reverses or before a big event.
SPCE VirginHello receive a cordial greeting, and a thriving 2021 our wishes are that 2021 will be a fantastic year in all aspects for all people.
We believe that this action has a great bullish journey based on Technical and Fundamental Analysis. But this is not financial advice
We have as resistors the key levels of 31, to consolidate it, 35 and 37.
and as resistors the levels of 17, 15 and 12. Also on the chart there is a blue circle, it represents a GAP, this is :
Gaps are areas on a chart where the price of a stock (or another financial instrument) moves sharply up or down, with little or no trading in between. As a result, the asset's chart shows a gap in the normal price pattern. The enterprising trader can interpret and exploit these gaps for profit.
Greetings and best wishes for 2021 L.E.D
In Spain as of 12/31/2020
JUST A THOUGHT.This is not financial advice, just an idea. I think price should appreciate around these levels near the arrows.
good luck traders!
Long for SPCE - 1d price chart with 50 day moving average** Disclaiming I'm a massive supporter of SPCE and i'm holding this stock for the next 10+yrs **
Looking at the day chart and a 50 day moving average we are bang on the moving average price.
SPCE Wave 2 Correction $SPCE finished with a daily pin bar signaling sellers may be exhausted. A corrective zig-zag into the .618 retracement, which coincidence with daily support/resistance levels. Waiting for break or retest of top trendline with high relative volume.
SPCE BUY POINT AND FLOORQuick idea of what SPCE could do. I am looking to the MA,8,9 and 20,focusing on a short trade where SPCE could rebound at the level of the 22 dollars. As first objective I will have 30. We must keep looking for any drastic changes.
SPCE update Spce has a little more to drop looking for a bounce at 22.68 was to focused on my minor count in my previous charts, under 21.35 I would cut short term options but good area to add long term shares. Spce is a great company and has potential to run over ATH but this is al on speculation next space launch date is announced early next year. Keep in mind this could really mean we wont get a launch till mid or late 2021. But If history repeats we will run. Take a look at the last time Spce was at 20 and announced launch date
$SPCE pitchfork and fib based target timingIf pitchfork holds true . We could see $SPCE in the 50s before March.
Ultimate SPCE Chart Warning Extreme Bullish Chart seeing a frying pan set up as well as a potential Inverse head and shoulders combine with the DOUGIEEEE DDDDDD wick and a early on wave count
SPCE super bulllishSPCE in my minor correction wave 2, watching for breakout of 27.52, measuring a breakout to fill the gap at 31.71. Under 23.79 I would cut for short term options. Shares are good to add here as well.
Playing this on speculation we get a second launch date early 2021
