SPACE - $SPCE Ready For TakeoffGoing with an aggressive approach on this one, but $SPCE looks ready for liftoff at the moment. Currently have the stoploss set at 10%, but if we drop 5% from the current levels we're looking at picking up more. Looking for a +50% on this on this one if we can break through $30 level. We've been stacking between the $23-$27 range. Going with pure TA on this one and haven't really focused on any fundamentals at the moment. If we can break a 15-20% return we'll adjust our stoploss to secure profits.
Cheers!
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SPCE - 4H :: W Format This space travel company builds advanced air and space vehicles and aims to provide spaceflight services for private individuals and researchers. Much like the rocket that took Virgin Galactic's founder Richard Branson to the edge of space, the company's stock shot higher in July but has since come down. Shares trade for around $31 per share, well off their July peak of more than $50. As exciting as its rocket planes are, consider that the company has no revenue and is operating at a loss. That's often the case with many young companies and isn't necessarily a bad thing, and the company narrowed its loss substantially in the first quarter. But investors do have to balance the excitement of a story stock with the likelihood of it eventually earning money. Still, if the stock can reach $52 on a relatively early stage flight, there could be potentially significant upside if the company's plans really do take off, making it one of the top space stocks in the market.
TP1 - $38
TP2 - $62
SPCE- update virgin galacticseems like we are seeing higher lows forming, i have accumulated calls from previous resistance which was $32. I believe this resistance will soon turn into support seeing that CEO and other executives have cashed out. This brings a good buying opportunity for those who are playing option calls. As im sure people are happy to pick up cheap contracts.
$SPCE With short covering to $35 , closing the gap also #virginSPCE’s revenues increased 139.9% year-over-year to $0.57 million in the six months ended June 30. Its gross profit grew 681.5% from its year-ago value to $0.51 million. Its cash and cash equivalents rose 51.3% year-over-year to $564.66 million.
Analysts expect SPCE’s revenues to increase 831.8% year-over-year to $2.22 million in the fiscal period ending December 31, 2021. In addition, the company’s revenue and EPS are expected to increase 790% and 35%, respectively, in the following year, versus the current year. Over the past year, SPCE has gained 38.3% in price to close yesterday’s trading session at $24.25.
Among 11 Wall Street analysts that rated SPCE, three rated it Buy while six rated it Hold and two rated it Sell. The $38.44 median price target indicates a 58.5% potential upside from its last closing price. The 12-month price targets range from a low of $25.00 to a high of $51.00.
SPCE Potential Fill Gap then Bounce?SPCE short term trade
It could be filled a gap of around $21.6
Soft target $35 (around 60% gain) in short term
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This is not financial advice. I'm not a Financial Advisor.
Trading is a high risk, do your own DD.
Let me know what you think
Cheers, I would share all my thought next time.
PEACE.
I think a little further downVirgin has a tendency to stay low on the stoch RSI even after and already big pullback. Could be some more room left downward before an opportunity to buy in again.
The bottom trend line in the chart is the main trend line. So if it goes down further that'll be either support or new resistance. Not likely it'll become a resistance. Cause for worry otherwise...
Time to Buy #SPCE - Ready to Go UpHello Traders,
It's time for this stock to go up, if everything goes well, i expect a short term up at list (if Sir Richard Branson dont use his ATM) (it could go down after, max between 18$ and 20$).
Flight will not start before 2022 but, sales started at a higher price and a test flight (paid) is expected in late september.
- Virgin Galactic reopened ticket sales with prices beginning at $450,000 per seat (before it was 200 000$).
- The space company now targets late September 2021 for the mission called Unity 23 - company’s fifth crewed test flight to the edge of space.
NYSE:SPCE
Jump into the Rocket or Stay on the Ground !
This is a long Term opportunity for the only and the cheapest (near) space travel.
VIRGIN GALACTIC: Buying opportunityVirgin Galactic has had a few bearish weeks but now looks about to enter a pretty good buying opportunity area.
The 25 to 14 range seems like a great spot for accumulation and the last swing low at 14.53 was bought back with quite some strength.
The private space race does not look like it's going away any time soon, and any major victory by Branson could mean some quick pumps.