Hi Guys! This is a Technical Analysis on Virgin Galactic Holdings (SPCE) on the 3 Day Timeframe.
We have been on a continual PRICE DECLINE since our MAJOR REJECTION, June 22, 2023.
Its depicted by the Massive ENGULFING BEAR Candle.
This area was also a Major RESISTANCE area with convergence of the RED and PURPLE lines.
Note that Previous times we've had touch...
My SPCE trade has been going horribly wrong to say the least, but I’m still optimistic about exiting near breakeven or profit.
I was bullish for SPCE’s August launch, which marked a key milestone for Virgin Galactic since they finally delivered on their long-term promise to send customers on a unique space flight.
August turned out to be a bearish month for the...
Are we at the bottom or is there more downside to come ?
currently sitting at $3.24 which is very near the all-time low of $3
This level has acted as a horizontaol support several times
a decending curved support line appears to be levelling out.
The daily RSI is in the oversold mark which has historically acted as a catalyst for an uptick
For the past...
SPCE trading range $ 2.53 to $ 3.28
Buy 100 Share at $ 2.65 and Sell 1 Covered Call for $ 3 for $0.50 for 19 Jan
Trade is planned that we will take profit off share and close call at loss Since delta is .55 so Profit on share will be double to Loss on call sold
Covered Call gives us 20% Protection downside
We have sold call to protect any downside it may...
Chart 4H TF
Virgin Galactic Holdings NYSE:SPCE has broken down the support then pulling back now
Last 2 times correction around 20% so I expect the same for this time and it can reach around $3.15
Wait for next move
Chart Shows:
-Morning Star
-All Time Low
Sure this could continue lower but it is definitely a good time to buy in for a short hold. Could be a good time to
Hi, this is a Technical Analysis on Virgin Galactic (SPCE), it is viewed on the 1 Week timeframe.
Our current candle is currently in the process of breaking out BELOW our UPSloping Support Trend Line, highlighted by the RED circle.
Note: The candle closes, end of trading session on 7th of August, Monday. Meaning our current candle is not accurate, so we need...
📊 Fundamental Analysis:
Virgin Galactic has been gaining attention in the market due to a positive Q2 performance. The company's strong quarterly results have sparked interest among investors, potentially indicating positive growth prospects ahead.
📈 Technical Analysis:
The chart above illustrates a potential Wyckoff accumulation phase for SPCE. The price...
This SPCE long trade is centered around the second commercial space launch on Aug 10. SPCE had a successful first launch in June of 2023, and there is optimism that this launch will also go well.
Initially my plan was to buy in the buy zone between $3 and $3.50, but SPCE was struggling to drop lower. I readjusted my range to $3.68 to $3.72.
These target prices...
SPCE Sell Put for 17 Jan 2025 for 50% at $ 2.30 and Collect $ 230 per Put
Our break even is $ 2.30 - what's the harm to buy buy SPCE at $ 2.70 and use credit for 2 Years
5.04 is our pivot point.
Our preference
Under pressure below 5.04.
Alternative scenario
The upside breakout of 5.04 would call for 6.07 and 6.68.
Comment
The RSI is below 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the stock is trading under both its 20 and 50 day moving...
SPCE is an interesting stock. For what it is it is able to generate massive hypes. I was trading it back around when they went to "space" for the first time.
I think 4.0 will be good as a technical level for a short term bounce.
Sell idea on SPCE as you see on the chart because we are under the vwap and also we have the breakout with force the support line by the sellers.Thanks!
