SPCE, Price is preppin for a SPACE FLIGHT soon!!!
SPCE is amassing massive net buy positions this past few days/weeks. It has registered +40% increase in net volume, from 66M to 95M. Buyers are back into the scene after the company has battled a longterm decline in its price from its peak at 62. But recent news has stirred some interest back on the company as Virgin Galactic completed its long-awaited first commercial spaceflight, called Galactic 01, on Thursday.
On our technical data, Monthly Histogram has been consistently ascending this past few months -- now on its 6th month. Bubble up volume (bottom indicator) has appeared after almost two years of waiting (June 2021), 2nd one only for this year (Feb 2023, June 2023).
The gap between the last two ones is 2 years conveying that buyers are now anticipating price valuation for the company -- with the recent good news. The current price range will be the new base for incoming series of ascend.
Price is back at 1.0 FIB level on monthly -- a bargain that's hard to resist.
Spotted at 4.20
Safeguard capital always.
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related news: source CNBC site.
Virgin Galactic launches first-ever commercial space flight Space tourism company Virgin Galactic, founded by Sir Richard Branson in 2004, completed its long-awaited first commercial spaceflight, called Galactic 01, on Thursday.
Taking off from Spaceport America in New Mexico, the company’s spacecraft was flown by a pair of pilots and carried four passengers: a Virgin Galactic trainer, to oversee the mission from inside the cabin, and its first trio of paying customers. The three paying passengers are members of the Italian Air Force. The flight also carried 13 research payloads onboard.
Virgin Galactic’s start to commercial service comes after years of delays and setbacks. The company previously said if Galactic 01 was a success, it would plan to fly its second mission as soon as August and then aim to begin flying its spacecraft, VSS Unity, once a month.
Virgin Galactic stock fell 10% Thursday after the successful flight.
Sign up here to receive weekly editions of CNBC’s Investing in Space newsletter.
The company continues to raise capital to fund development of its coming Delta class of spacecraft, aiming to build a fleet of vehicles that can each fly at least once a week.
Virgin Galactic has a backlog of about 800 passengers. Many of those tickets were sold at prices between $200,000 and $250,000 over a decade ago, but the company reopened ticket sales two years ago, with pricing beginning at $450,000 per seat.
On our technical data, Monthly Histogram has been consistently ascending this past few months -- now on its 6th month. Bubble up volume (bottom indicator) has appeared after almost two years of waiting (June 2021), 2nd one only for this year (Feb 2023, June 2023).
The gap between the last two ones is 2 years conveying that buyers are now anticipating price valuation for the company -- with the recent good news. The current price range will be the new base for incoming series of ascend.
Price is back at 1.0 FIB level on monthly -- a bargain that's hard to resist.
Spotted at 4.20
Safeguard capital always.
-------------
related news: source CNBC site.
Virgin Galactic launches first-ever commercial space flight Space tourism company Virgin Galactic, founded by Sir Richard Branson in 2004, completed its long-awaited first commercial spaceflight, called Galactic 01, on Thursday.
Taking off from Spaceport America in New Mexico, the company’s spacecraft was flown by a pair of pilots and carried four passengers: a Virgin Galactic trainer, to oversee the mission from inside the cabin, and its first trio of paying customers. The three paying passengers are members of the Italian Air Force. The flight also carried 13 research payloads onboard.
Virgin Galactic’s start to commercial service comes after years of delays and setbacks. The company previously said if Galactic 01 was a success, it would plan to fly its second mission as soon as August and then aim to begin flying its spacecraft, VSS Unity, once a month.
Virgin Galactic stock fell 10% Thursday after the successful flight.
Sign up here to receive weekly editions of CNBC’s Investing in Space newsletter.
The company continues to raise capital to fund development of its coming Delta class of spacecraft, aiming to build a fleet of vehicles that can each fly at least once a week.
Virgin Galactic has a backlog of about 800 passengers. Many of those tickets were sold at prices between $200,000 and $250,000 over a decade ago, but the company reopened ticket sales two years ago, with pricing beginning at $450,000 per seat.
Trade active:
Adding to my holdings. With an enticing RR, prospect on this one looks good.
Trade active:
DAILY UPDATE:
I have a strong feeling that a "MEME" type of Price Surge is about to commence on this one.
BE READY -- but practice fund safety always.
Spotted at 3.93
I have a strong feeling that a "MEME" type of Price Surge is about to commence on this one.
BE READY -- but practice fund safety always.
Spotted at 3.93
Trade active:
Weekly data update:
Weekly shift spotted, may target 5.0 level.
Weekly shift spotted, may target 5.0 level.
Trade active:
This has grown nicely and it's barely scratching the surface.
We are now at the heat zone - trend touch area.
Expect some 'more than average' upside movement soon.
TAYOR.
We are now at the heat zone - trend touch area.
Expect some 'more than average' upside movement soon.
TAYOR.