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SPCE trade ideas

$SPCE can rise in the next daysContextual immersion trading strategy idea. Virgin Galactic Holdings, Inc., an integrated aerospace company, develops human spaceflight for private individuals and researchers in the United States. The share price rose after analysts at Bank of America (BAC) had initiated coverage on Virgin Galactic (SPCE) Monday with a buy rating and a 35 price target. The demand for shares of the company still looks higher than the supply. These and other conditions can cause a rise in the share price in the next days. So I opened a long position from $20,45 ; stop-loss — $18,67. Information about take-profits will be later. Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision. Always do your own analysis before making deals. When you use any materials, do not rely on blind trust. You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy. If you like my content, you can subscribe to the news and receive my fresh ideas. Thanks for being with me!
NYSE:SPCELong
by KozakHlib
1
SPCE over 25 soon? What does the chart say?Please first read the chart note first. The dashed light blue line shows 21 as resistance, and yesterday the little doji candle, thought it shows indecision about moving higher, closed at 21.01. The green dotted vertical lines show that previously the two bullish runs happened after RSI crossed 70. Will the same thing happen a third time? Directional movement (volume) is low and the green oval shows there is room for buyers to come in and raise ADM. If you buy the stock or call options, set stops below Monday's low, and one a little lower, maybe at 20. Since Monday's candle is small the risk stays low.
NYSE:SPCELong
by OptionsRising
1