Wow, extremely powerful move here. Price target is still in the $28 range. From here, I'm going to start looking at longer term directional plays following this move.
Wow, $SPCE has broken out of its ascending broadening wedge to the upside, this typically only occurs less than 25% of the time. The fundamentals on Virgin Galactic are propelling and controlling the technicals at this point. This is extremely bullish, and as long as it continues to respect the support levels being put in, it's a potential blue sky breakout.
SPCE had a very strong day today high volume and ADX at 25. May look to test new levels as it possibly works its way back up to pre-Crash levels.
Cup and Handle on SPCE, $28 measured move target
SPCE is coming down to test the the previous resistance of the breakout trendline. This is typical of breakouts, and if it bounces from this point, I'd say we are cleared for higher. If it gives up the range in the oval, this will turn into a failed breakout and SPCE could see much lower prices unfortunately. FWIW, SPCE moves with the indices pretty...
As I said on monday it was coming, and look at how beautiful the break out formed. Now everyone is trying to claim they identified this huge accumulation and breakout. lol High volume on the break to carry it through and build momentum. It's good to see Virgin Galactic get out of this consolidation period, and now it's time to retest previous highs at $42
HOLD ON FOR THE RIDE. Huge accumulation happening for the past 3 months. July 31st is the reveal of the interior of the space ship, and Aug 2nd is their earnings report, where they will more than likely announce they have received FAA certification, AND have scheduled date for getting RB into space. This confluence is extremely rare to see in an asset.
Hangin on by it's fingernails right now. Not even all the hype today could save them. I haven't been trading very long but I'm guessing the 10, 50, 100, 200 SMAs all running simultaneously into a giant wedge pattern where the price just broke below channel support and is barely clinging to long term support is spectacularly bearish. Bust out the popcorn...
SPCE running on earnings this AM - about to clear top edge of POC through a low volume node... This will clear LVN to 22.5 then work its way to 24.50 over time
It seems as though when it comes to the MACD 4 Hour and SPCE SPCE seems to respect the first bull candle created in the MACD quite well Looking at previous bull runs for this stock, it seems to rise exponentially higher when the MACD 4 Hour bull candle is created Looking at the 4 Hour MACD right now it seems like we might create another bullish MACD candle on...
Hey Traders, Risk Reward 5:1.4. Looking down to the 1HR chart on SPCE there is a falling wedge pattern forming after a nice rally up from price at $10.00. Today price tested key levels of support seen by the green arrows. Price hit a double price support at 16.02 and has pushed up with an attempt to breakout. As always wait for the breakout and confirmation of...
Why Virgin Galactic Could Keep Falling as Investor Unease Increases In the first quarter of 2020, Virgin Galactic (NYSE:SPCE) defied gravity. The stock peaked at an incredible $42.89 by late February. The impossible valuations came to a quick end when market selling accelerated. The nearly full shutdown across the United States and in Europe put an end to reckless...
BUY SPCE LONG SET UP ON PULLBACK ENTRY 1 23.68 ENTRY 2 20.48 SL 14.00 TP.1 32.44 & TP.2 34.48 TP.3 38.00 & TP.5 44.00 stock dropped 15.5% in Wednesday trading. Don't cry too hard for the company, though -- the stock is still up 300% in the past couple of months. Why did Virgin Galactic go down so much today, though? One word tells the tale: earnings.
BUY SPCE LONG SET UP ON PULLBACK ENTRY 1 30.68 &SL 28.00 TP.1 39.44 TP.2 45.48 TP.3 50.00 In this wild stock market, some investors favor Tesla and Virgin Galactic over Apple and Amazon Both Virgin Galactic and Tesla provide short-term trading opportunities for sophisticated investors both from the long side and the short side. Our system gave a signal to...
BUY SPCE LONG SET UP ON PULLBACK ENTRY 1 30.68 &SL 28.00 TP.1 39.44 TP.2 45.48 TP.3 50.00 In this wild stock market, some investors favor Tesla and Virgin Galactic over Apple and Amazon Both Virgin Galactic and Tesla provide short-term trading opportunities for sophisticated investors both from the long side and the short side. Our system gave a signal to...
BUY SPCE LONG SET UP ON PULLBACK ENTRY 1 23.68 ENTRY 2 20.48 SL 14.00 TP.1 32.44 TP.2 34.48 TP.3 38.00 & TP.5 40.00 Virgin Galactic is one step closer to blastoff. The aerospace company's stock price surged as much as 19% on Friday to an all-time high of $28.23 per share, capping off five straight days of gains. Virgin Galactic announced on Thursday that it...
SPCE BULL RUN!