SPCE trade ideas
Virgin Galactic heading to 24$Pre flight prices heading higher. After the last needed flight cert on nov 19-23 then to the moon
$SPCE I'm Bullish will ride waves up to $20 and possibly $25$SPCE I'm Bullish will ride waves up to $20 and possibly $25
$SPCE BasingSPCE another triangle wow. Basing and looking for another move higher. This is on news of successful spaceship tests as well as the ever approaching test flights, info about which can be found here:
www.virgingalactic.com
Position initiated - PT $22-25A conservative price target is around the $22-25 price range, still well below the ATH around $33. This is a growth stock and could see many potential catalysts ahead to initiate bullish momentum now that bad news is behind us.
Virgin Galactic heading to 24$ You can see the low has made a new high at 18$. Confirmed by Mac d and with the final FAA flight around the corner only up from here.
To the moon
SPCE: Potential False BreakoutI'm waiting for earnings to come out... A market close at or below $16.87 will indicate a hard move down. The blue lines are the downtrend support and resistance. The dashed red line is the (potentially) false breakout line and may turn into the downtrend line as it did before.
Trade setup in the worksLooks like this goes to support level 1 (S1) then a likely bounce back to at least Resistance 1 (R1), MAYBE higher.
Should reach R1 by end of Nov, maybe sooner based on pattern here.
My alert is @ 16.5 and will jump in around there once I catch the bounce.
No bounce and I recommend holding off until a sign of change in direction.
* Template & indicators used*
*Zig Zag
*Pivots
*Vol
*All Patterns SMA50 Both
*MACD
Head and schoulders pattern on SPCEthis big head and schoulders pattern could be an indication of a bear run. although it might go bullish after good news so be very careful. i think it will rebound of the indicated support.
Incoming SPCE earnings on nov 5Considerng the fact that last 2 earnings reports didnt manage to beat expectations and Q3 arent beating it aswell ive looked at the trend after earnings. The stocks price dips a little then goes on big earnings
SPCE: Back Down to Earth | $9.35 Forecast PredictionThe combination of a Bearish Downturn, Elevated VIX, COVID, Election Year, Multiple Misses on Earnings, No Stimulus, Potential Contested Election the day after their earnings, and Few Prospects in the coming months... But it still has to close under $16.
spce elliot wave updateFor those who saw my previous analysis I just realized that my initial count was most likely incorrect as there appears to be and extension of the corrective wave. Bottom appears to be somewhere between $11-$14 and a week candle close after touching that price zone would be great bullish confirmation. If you already own some the dip most likely isn't going to be too bad so I suggest to just hold and forget about and near the bottom just buy up more. Good luck investors
