NYSE:SPCE Bottom was confirmed at $1.38. There is a clear short-term upward trend that can be identified based on the higher highs and higher lows. For this trade, we assume NYSE:SPCE enters a consolidation phase with sideways movement. Short at $2.72 Long at $2.35
Momentum built up, price now higher than 10 sessions ago. Commodity Channel Index showing a reversal of the current short-term trend ( Bearish to Bullish) Potential Earnings play, fundamentals are looking up for Virgin Galactic after a bleak winter.
MACD Signals Prominent Shift in Intermediate-Term Trend: Transitioning from Bearish to Bullish Expecting a shift towards ~$5.00 Short term (2 - 6 weeks) Bullish Intermediate Term (6 weeks - 9 months) Bullish Long term (9 months+) Bearish
Double top or inverse head and shoulders ~$4.75 Acting as support (A bullish sign as 75% upside with 40% downside) Bullish case being a market bottom at $3.24, test of support followed by continuation to ~$6.75 Bearish case being a double top and continuation of the downtrend, wait for the tests before entering position.
50MA and 200MA narrowest since SEP21, crossover soon. Potentially Bullish, if the right catalysts. Sideways movement 200MA acting as support. RSI Showing strength MACD Similar outlook Golden or Death cross in 7 days? After earnings.
Todays trade, entry when RSI is touching/narrow target 12% R2 6.17 R1 5.75 S1 4.33 S2 4.07
Late January - mid-February price target of R3 ($6.11). R2 ($5.60) still being tested, another test and flip of support likely. Before catalysts such as earnings, news or PR. We've had a golden cross and high volume that's stayed constant. The MACD is still wide and shows no signs of narrowing long term. Likely, we're entering the consolidation phase before...
Technical Major support at $4.10 (S1) Major resistance at $5.25 (R1) Support at S2 would signal a reversal (Maybe short term (1-2 weeks)) Fundamental VSS Imagine not ready, maybe 2023 (2 flights per month) VSS Unity ready to fly (1 flight per month), VMS Eve upgrades/maintenance to be completed in 4th quarter. Test flight early January + glide flight...
*An idea based on DOW theory, not financial advice* I make the pledge, that we're currently sitting within a new Primary Trend. Likely reaching a bottom between ~33% - 66% within a 2-year period. Any rallies upwards should be taken with caution, as they're likely to be short term, meaning a matter of days or weeks.
*An idea based on DOW theory, not financial advice* *Update* We now sit almost 6 months into a downward trend. In the next three months, confirmation of a new primary trend has become increasingly more likely. Any rallies upwards should be taken with caution, as they're likely to be short term, meaning a matter of days or weeks.
*Not financial advice, just an idea S1 indicates the support level, low volume and previous support as indicators. RSI daily reading into low 30s, oversold, reversal likely. MACD crossover, buy signal. No miner capitulation yet. *Likely scenario, move towards R1. Followed by drawdown towards S1. Further confirmation needed for longer term. Miner...
Analysis of $UBER technologies, Primary trend was broken by the intermediate trend. Finding support above the previous resistance line was an indication of continuation of the primary trend. Target 1 ~$52.00 is the next resistance level. Expect a breakout of the current accumulation range in the following weeks ahead, news could be a catalyst. Rate of...
*Not financial advice just an idea* The previous drawdown of ~50% looks like a textbook intermediate trend, with the continuation of the primary breaking the ATH. A potential scenario could involve the formation of a new primary trend, and possibly the signal the start of a new bear market.
*Not financial advice, just an idea. Ascending wedge, breakout expected, 1,2,3 is the lucky charm
MACD narrowing (decision time) RSI oversold Double top formation? Bearish breakdown into and after earnings ~$130.00 price target
Double bottom, expect a brief bounce above resistance ~$46.62 - ~$47.80, then a retest and a flip of resistance to support, followed by further gains towards ~$51 - ~$52
Approaching a top, $AAPL now overbought RSI hitting previous high (87) Volume beginning to plateau Expect a drop to the last point of support ~$136 - ~$137 (Wyckoff)