Excited for Virgin GalacticI think this stock has been dramatically sold off and they may have strong fundamentals long term going into 2022. Right now, I feel like the long potential should be there. That said, please invest at your own risk. Any actions you do is at your own risk. This is just on an opinion-based basis.
Trade ideas
Falling Wedge- BullishSPCE starting to catch my eye here after selling off for quite some time in addition to getting beaten down amidst all of the intraday volatility. SPCE holding a big falling wedge, buyers starting to step in, RSI finally starting to come out of oversold territory. Additionally worth noting that SPCE has a space flight next month could act as a catalyst.- Bullish and will be looking for a breakout from this wedge (Broader Markets Permitting) - Just some support and resistance levels along with some RSI-based supply and demand zones to keep an eye on in the meantime - Bullish and looking for a breakout from this wedge - (See charts attached in the description below)
- Falling Wedge on the 4-hour and Daily Timeframes
- MACD Cross & Bullish Hidden Divergence on the RSI on the Daily & 4-Hour Timeframe (See Attached Chart Below)
- Small Gap Fill on the Upside Circa $23.03-21.74 (See Attached Chart Below)
- Bollinger Bands Squeezing & Buyer Volume Starting to Pick Up Relative to Seller Volume
PT1- $15.09
PT2- $15.90
PT3- $16.44
PT4- $16.87+
--4-Hour Timeframe--
SPCE, Shark 30 minNYSE:SPCE
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I am not a financial or investment advisor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed, or implied herein, are for entertainment purposes only and should not be construed as personal investment advice. If you decide to invest, please make your own decision, or contact the specialists’ institutions. Thank you
$SPCE entry PT 15.10-15.15 Target PTs 49-55 and higherVirgin Galactic Holdings, Inc., an integrated aerospace company, develops human spaceflight for private individuals and researchers in the United States. It also manufactures air and space vehicles. The company's spaceship operations include commercial human spaceflight, flying commercial research, and development payloads into space. In addition, it engages in the design and development, manufacturing, ground and flight testing, and post-flight maintenance of spaceflight vehicles. The company was founded in 2017 is headquartered in Las Cruces, New Mexico.
SPCE (1D) Longterm Target - Wait for DIP Hi Traders,
Hopefully nobody HOLD SPCE Stock right now and you all took profit at last top ?
My expectation is the stock was too much pumped / Hyped by positive news on test flights.
Seems like Major Stockholders - Richard Branson and Chamath were selling huge % of stocks. We can expect continuous drop for next few weeks.
Wait for moment when you will not hear about company anymore / or there will be only bad news (investigation / more selling from Insiders). This could lead to 1:1 extension of corrective waves A:C.
Historic LOW could be good price target to watch. If its going to be supported by RSI and MACD COnvergce at leats at 1D chart. I will notify you about LONG Setup. ;)
Also take deep look into Fundamentals. This company and Space flightscould be good investment long term.
not recommendationThe investment is very simple here
first we can see the trend is clearly going down
and if SPCE about to keep going down...
in the $14 area is my entry point
And I'm going to risk two points down.
My entry point is the smartest point to get in
only becuase of the support line and the risk reward
I'd love to hear opinions.
$SPCE Long, double returns from now.We are approaching lowest level YTD ~$17.30.
Expected to bounce to resistance ~$22 in the short term (profits) .
Fall back again before good take off, probably after some "on track for Q4 2022 space travel" news.
One year best target could be $36 which is double from now .
I would then expect some delays for space travel in 2023 , because it's just too hard to be on time. Price would suffer slightly from that before rocketing to what could be a n easy $20 billion market cap business (x10 from now) .
Not a trading advice, let me know if that sounds a plausible scenario.
ShortA downward trend for the company. No specifics, break the support level and go short. Target: 14.
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$SPCE Virgin Galactic Holdings potential LONG Trade Setup$SPCE made a 90% retrace of it's last run.
Nice bullish divergence on the daily.
Something to watch though is the small gap at $ 17.30
Maybe wait for a confirmation daily close above the daily EMA 20 to enter.
If the gap somehow gets closed before we run, its a STRONG buy imo.
SPCE nested elliot wavesSpace is the future, Virgin Galactic is a player in space tourism, and it seems it might be in a possible wave 3 inside a nested 1-2, 1-2, 1-2. Currently living inside a channel.
Just my opinion.
Please do your own research. This is not financial advice. For education purpose only.