Trade ideas
SPCE potential pop here above 23.40SPCE has been working this range here for a while. A break of 23.40 could
cause some short covering a a decent push to 26. Currently 22% short float.
SPCE to space?SPCE has gone up almost 30% in the last 4 weeks and I believe it will beat the bear market and continue bullish for a long time. According to my count we're now just beginning wave 3 which is usually the biggest wave. SPCE is not profitable yet but, they will most likely cater to their first customers by years end and will do something revolutionary (space tourism). Good luck investors.
Virgin Galactic w42 2020. Wait for trendFor now its unclear trend.
Volumes are low, hard to define correct actions.
Stock jus to follow news
Feels like a good spot to buy SPCE calls Sitting above support after a triangle breakout feels like a lot of upward potential
Virgin galactic : fibo level to buy at a good price Virgin galactic : fibo level to buy at a good price : gann box with fibo to check where to buy, color adapted
$SPCE Virgin Galactic - Cup & Handle 20%+ Upside$SPCE Virgin Galactic - Cup & Handle 20%+ Upside
For confirmation, wait for a close >$22.40 (likely today or Monday)
Target: $27.50 by early November
Additionally, we saw some bullish options activity today:
$2.1M of $23.00 strike (ATM) 10/23 calls traded (5x OI)
$800K of $23.50 strike (OTM) 10/23 calls traded (13x OI)
$700K of $24.00 strike (OTM) 10/23 calls traded (4x OI)
VIRGIN GALACTIC HLDGS Opportunity DailyHey people, VIRGIN GALACTIC HLDGS is in a bullish configuration with low buying volume. It is very plausible that it goes to the middle of the median. VIRGIN GALATIC HLDGS will seek to close the bearish gap but not enough strength at the moment.
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SPCE Pennant - 30MSPCE forming multiple support within the pennant and resistance nearing in. Could be used as a short play when price hits upper zone or long if it breaks with own due diligence.
SPCE has broken the wedge. Retest and a bounce needed to confirmPlease see my previous analysis linked to this update. We see SPCE has already broken the wedge ahead of schedule, indicating very bullish sentiment. Some are calling it "the only pure-play" in the future of Space. Who wouldn't want to take a ride?
SPCE strong support trendlineSPCE needs to hold above my purple support zone and we could see $24 by end of October
$SPCE Virgin Galactic Resistance- Targets
SPCE has tried to stage somewhat of a recovery in recent days, which broke the downtrend
and has now completed a back-test as support.
Currently hitting 2 Fibonacci levels of resistance the primary .382 retracement @ $21.82 + local
fib Golden pocket @ $23.00.
Alert set for break above for a safer entry than current levels. with $27.50 as a likely target.
