Spce has a little more to drop looking for a bounce at 22.68 was to focused on my minor count in my previous charts, under 21.35 I would cut short term options but good area to add long term shares. Spce is a great company and has potential to run over ATH but this is al on speculation next space launch date is announced early next year. Keep in mind this could...
SPCE in my minor correction wave 2, watching for breakout of 27.52, measuring a breakout to fill the gap at 31.71. Under 23.79 I would cut for short term options. Shares are good to add here as well. Playing this on speculation we get a second launch date early 2021
SPCE after a failed launch and Chairman selling millions of shares, SPCE is back at a good price to buy. The chairman still has good faith in the future and is committed to the company. We could see next space launch early next year and if we run up the way it did last time, SPCE will be back at ATH again. Support: 24.30, 19.78 Resistance: 27.55, 32.04
SPCE needs to hold above my purple support zone and we could see $24 by end of October
Beautiful setup. Tight stup with huge upward potential.
19.5 is the first resistance, if we break it we can go higher to 23-24 resistance zone (many long open positions are there).
My buy zone and target for $SPCE. Yellow line would be the invalid point for me. (Not financial advice)
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.
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.
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...
First off don't take anything I say seriously or as financial advice. This is on opinion basis. That being said, let us get into my insights. Virgin Galactic have been doing lets of innovative things recently, and has a very well rounded executive management team. The demand for satellite launches and government contracts are expected to grow as a result of the 5G...
After having the massive rally up before earnings we see a sharp sell off as the reports come out. We are currently seeing some support around the $20 price target with price making another test up towards new highs. This stock will continue to remain extremely volatile over 2020.