A big question is October 22 for SPCEI personally think that we will go long after october 22. What do you think guys? A huge gain or a huge fail?
SPCE trade ideas
VIRGIN GALACTIC aka SPCE is reaching an apex, will it launch?Hey everyone, today we're looking at a longer-term stock that has the potential to get exciting very quickly. I'm really liking how the fundamentals and the technicals are lining up on this wedge I've drawn, what do you think?
Note the end of this Wedge is targeted by November 2020. Meanwhile, there is a strong catalyst that will have this stock either moving higher or lower, and one should be watching this wedge pattern alongside the news:
4 days ago this report came out:
The flight will be the first of two that the space tourism company has planned to complete testing of its SpaceShipTwo spacecraft system and should have just two test pilots on board," CNBC's Michael Sheetz wrote.
"Virgin Galactic said last month that the second test spaceflight will then have four 'mission specialists' inside the cabin," Sheetz added. "If both test flights succeed, Virgin Galactic expects to fly founder Sir Richard Branson in the first quarter of 2021."
If you aren't watching SPCE right now, it's probably a good time to buy and then watch your indicators. I'd hate to miss this, but it's a high risk, high reward trade and so one should set a stop-loss according the the wedge and use the fundamental news as an indicator to match against the future candlestick pattern.
Good luck and happy trading.
Disclaimer: I am not a professional, nor do I claim to know what I am doing. I chart for my own education and revealing potential trade setups. I am always open to constructive feedback and resources that you can recommend to "up" my game. Thank you!
SPCE: Really Slowed down.NYSE:SPCE :
Ownership: I own some far-out options for (+3 15JAN2021 20/40C)
Details: REALLY slowed down on us. News doesn't seem to be moving it much. ATR has fallen all the way to 1.02. I still feel good buying $20 leap Calls, but nothing short term.
SPCE TGT 21.5 , SL 16.5 Good Risk/Reward (Few Indicators)Entry Point: 18.02 or RSI >50
Risk/Reward is 2.3
Candlestick patterns: 4 Sept Hammer, 14 Sept Bullish Harami
Target at 21.5 and Stoploss at 16.5
Background Technical: Upward Edge.
Important breakout at 19.63 (Hold this price)
Good luck!
SPCE - Bullish Triangle Setup3mo chart.
Supported by 2-mo momentum divergence. Looking for a move to $21.
spce short term bearish, then bounce around the $15 and reverseits been sorta boring in this channel, I think it will go down to around the 15 dollar support and bounce up. If theres any news bullish news for spce my wave would be invalid in the short term. Mac d n rsi is just chillin, no momentum.
SPCE is going to test 15$ zone again :(We tried 18.5 zone 2 time, but failed. I don't want to be right this time, cause i am long but
looks like we a are heading to 15-15.5 zone again and going to test it.
Bears are in the market.
[SPCE/SPX] Relative Market Value: Exploring the Stock UNIVERSE!TView makes this kind of thing super easy and the results are astounding.
Under the green upchannel is great value and Price is unlikely to close under the red line on the 1W.
Happy harvesting! B)
[SPCE] Launching to the MOON: Follow the Dashed GREEN Road!Mostly cosmetic updates for funzies and some bigger picture on this for you all.
Never gonna close below $10.50 on the 1W again.
Under white dotted line Price is likely to bounce back quickly... fantastic value.
Magenta is the current Value Zone.
There is what looks to be a decent fractal from the end of 2019 that may be playing out here at about 4x the scale. If that does come true, it would mean we drop down to the red line soon for a few weeks before we skyrocket again. That would align with an ensuing market crash and earnings FOMO blast off.
Lets see if it plays out! B)
$SPCE ; easy decision here, bouncing off support (Target 22-24)SPCE is bound for orbit, test flight will catalyst this thing propelled by the short float % which is 25-60% im seeing varying per site...but regardless even at the lostest 25% short float...thats enough to squeeze to the moon. It was about to rocket off up until last Thurs/Friday slowed it down a bit due to the gravity flux capacitor of the weak hands grounding it back to earth...those dummies...i averaged down, and today i averaged up my calls. Holding 20 Jan 2021 $20 calls. expecting to see 300% returns before I even think about taking partials.
Also post my trading ideas on twitter:
Chasing Tendies @T123Jonny
