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!
SPCE. Time for travelling SPACE "commercially"? for "ordinarily people"? "Would you spend $450K travelling to the outer sky/ space with Richard Branson?...
Virgin Galactic has and faced numerous financial and operational struggles, including the backruptcy of it's subsidiary Virgin Orbit. However, this company is set to commence commercial "space flights" this 2023 Q2. There has been an uptick in stock price action lately, as I believe awareness is spreading.
Short term: 1-2 months
I expect the stock to pop short...
A lotto play, FOR SURE.
But, it was a nice gap. I THINK some buyers can come in eventually.. This selling today is all the bag holders selling.
I will buy shares also. I'm in 1400 right now. Just to see if any love comes from this initial 40% gap.
The calls will be $7 Oct and Jan
Looking a the SPCE chart from a birds eye view it shows the company is overdue for a run. For months it's been trading sideways. It almost looks like it's break out of an inverse head and shoulders pattern. Until recently a spike caused by bullish news sending the stock from around 4.04 to 6.50.
On the run up it rejected the 6.50 price and came back mid day to...
Hello, fellow traders! Today, I am thrilled to present you with an exciting swing trading idea for SPCE stock, focusing on a potential price reversal and the opportunity to capture buy side liquidity.
Based on my analysis, I anticipate the price to decline into the violet area, representing a fair value gap. This presents a potential entry opportunity as the...
A Bambi's biggest trading obstacle in 2023 will be over trading in a bear market, especially the crypto kiddies looking for their next pump.
This is why you have to restrain from whoring yourself out to the market in the hopes of making a quick buck.
We call this, monk mode.
Not the whoring, the opposite.
Monk mode is abstinence from indulgence and has been...
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
After two years without launching a spaceflight, Virgin Galactic Holdings, Inc. (NYSE: SPCE) is set to have its first flight since 2021 later this month as a test run before its first upcoming commercial as mentioned in its latest earnings call. Moreover, SPCE has stated its goals for the under-development delta class spaceships moving forward, which would...
Greetings and salutations,
SPCE otherwise known as Virgin Galactic reported earnings today and imo was a good ER. SPCE is on track for commercial flights end of June with the Italian Air Force and reoccurring flights shortly thereafter. There will also be another flight to space end of May. With these catylsts SPCE will surely do well.
If Institutions decide to...
SPCE is stirring up headlines again to try and gain some trading volume it looks like. Their PR team is quite tactical in positioning articles perfectly around earnings reports. Is this some positive news to maybe provide a story to the upcoming earnings report? With the stock being essentially on a slow descent back to earth since it dropped down below the $10...
SPCE is at a line in the sand of the chaos of the market.
On the 4H chart, price has bottomed and might be making a reversal pivot
as supported by a rising line segment on the RSI out of the oversold zone.
The though of a reversal is also supported by price crossing over the POC
line of the volume profile. Price above the POC line shows buyers are...
SPCE is losing money for 4 consecutive quarters showing that it is fundamentally
a losing proposition, perhaps destined for bankruptcy or alternatively share dilution
to raise cash which would prejudice present shareholders. Perhaps these scenarios
are baked into the price.
On the 4H chart the long downtrend dating back 2 years has continued. After
the turn...
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.
