Trade ideas
SPCE - Diamond Performance Cube - Potential Bull Levelsmay need to see a cool off period, watching for bull pennant pattern. @daweizhang0202
SPCE - DPD Update - Bull Break EditionWorking through the .35/.382 zone of the upper channel - strong move.
SPCE - Lakes and Waterfalls - Diamond Performance Dashboard. Market completed the V-Shape recovery after the technical correction, cooled off the Calls for a few hours. Scouting volume on SPCE .
SPCE - Diamond Performance Cube - Cup and Handle Confirmedtop of channel resistance - .5 upper channel support.
Cup and HandleEstimated Earnings 2-25..
Small divergence on daily but not on the weekly timeframe..
Hammer on monthly and weekly, as well as daily timeframes and is opening a bit higher on Monday..
ABC bullish pattern also still kicking..
Not a recommendation..
Short interest is high, very high..Shorties are not always right and could actually have contributed to the price rise..
It looks as if accumulation took place down under 15 as NV is flat. By no means does this mean this can not go higher, but Mr Market has most likely been selling off and on throughout this rally and probably has some more to sell at the top. Hard to know because he never behaves the same way twice, but will add just enough variation to present a challenge.
Just do not let him give you the very rope that you could hang yourself with (o: Be safe..
Long Bullish SPCE - Fundamentally, I'm bullish (long position) on this.
With the mothership flight test success, and the hope of spaceplane future flight test
could be a baby step heading in the right direction.
Additionally, the recent SpaceX news could also pump all the space industry.
However, TA is showing an island reversal at $29.2 areas (potential for gap fills).
Over 34.8 for a call tg1 36 tg2 37.5 (daytrade)
Sell loss -20%
Very clean and setting up for a moveFollow me for clean charts. if we can get above this blue line be on the lookout for this to take off to the 50 area. SUPER CLEAN blue line is trigger
How to trade this and my trade idea around this will be covered in tonight's free trade idea webinar hit the link to sign up us02web.zoom.us
$SPCE Long-Spce looks like a impulsive 5 wave up
-Its also building an amzing rising wedge for that final leg up
-It also has catalyst witht he spce launch
-Overall bullish (trend is your friend)
SPCE - Cup With Handle (Etoro Portfolio)Weekly price started uptrend cross above MA30.
It has forming a cup with handle pattern (handle below the line), price is just breakout.
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Virgin Galactic Bullish vertical runVirgin Galactic launch second successfully space tour 3 crew value at $250,000 each bullish target@$110
Can SPCE invent an alternative type of rocket fuel?Pretty obvious. It's a rocket company, there are some shorts. You don't short the future. They don't know they are the fuel.
Just buy some overexpensive calls and retire.
SPCE breaking outWhether you say we are emerging from a Cup and Handle which is surely the case, or we are breaking out of a Triangle it doesn't really matter. All that matters is we are going on a ride up :)
Cup and Handle on SPCEHuge cup and handle forming on $SPCE, also, a pennant at the top too. Waiting for more confirmation wether it be a fully handle formation or a breakout of the pennant. Play accordingly.
SPCE short squeeze 2.0SPCE could moving higher, powered with some good news about the test flight. Virgin Orbit Mission was fully succesfully! This is a heavily shorted stock, short squeeze could be brutal!
Bull pennantConsolidating with upcoming catalysts, should breakout to at least $40 within the next 2 weeks imo
Broken Over VWAP Entry Point.Seems like a good entry for a long position here, as long as they can show some growth in sales even if they cannot produce their product just yet.
SPCE Minor Wave 5After a extended wave 3, SPCE wants to head higher for wave 5 to finish cup pattern. Watch for $35-$36 level for sellers to push price down. Relative volume has been steady the past couple of days. Count is invalidated if price breaks below the $29.60 support
