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...
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 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...
