4SPCE trade ideas
SPCE: Near-term forecastHi everyone,
Just to share a near-term forecast.
I think that SPCE (Vigin Galactic) will find support around 42, before it bounces.
This is supported by: 1) trend-line support 2) Internal 38% Fibonacci level 3) Completion of 5 sub-waves.
However this analysis ignores near term fundamentals.
Good luck!
SPCE - It can into spaceSupport very significant and visible.
It bounced(the last low) and now is going up with the support.
Indicators as often : RSI+MF, Divergence, MAs, MACD. Possible reversal to bullish.
Buy zone 28.70 - 30.20
Stop loss 28.50(~5%).
1st PT - 36.00
2nd PT - 42
3rd PT - Moon
4th PT - SPACE! :D
Cup and Handle in day patternMaybe Cup and Handle pattern is showing in day trading chart. After a week of consolidation, there might be an uptrend coming up. Any thoughts?
$SPCE - Thoughts on Cup and Handle formation?Looking at the 4-hour chart on $SPCE it looks like a decent cup and handle pattern has formed from 2/11 to 6/28. The handle is forming with support at ~$45.40, short term price target would be $60 to complete the handle
SPCE 100$We are now in the second global wave with a slight retracement after the rapid growth. $ 99-100 ahead
SPCE: $80 incoming.Here is the second gap. We should see another 75% run from this gap after some consolidation. Unless, Branson decides to go after Bezos!
Today's move was not unexpected:
This is a follow up on my previous analysis:
Congrats to those followed my advice and collected massive profits on this week's calls.
Starship docking to refuelHad a great run with this and it did went to space, further beyond what i expected. Now it needs time for a little cool off and refuel. Watch for the retracement levels.
Virgin Galactic
Strategy/Chart pattern: Bull flag
Entry: 54.50$
Stop: 52.21$
Target: 63$
Risk/Reward-Ratio: 3:1
Stopmanagement: Parabolic SAR stops 15min. chart default settings
SPCE BounceSPCE has had a significant pullback since going an a massive run. It has now pulled back to the opening price of the gap level that started the run. Gaps rarely tend to fill on the first test, so i think we'll see a bounce from here to the 52 level.
$spce is going to core of the earthSspce has no near support at all; also, it has strong resistance at the previous all time highs. Big crash incoming.
$SPCE red to green possibility today @AOTtradesIf you're not already in this name they're maybe an entry possible with a red to green open this morning, this will give you a nice risk to reward with a stop at the LOD.
Let this name crave in a morning low then look for a R2G move if we get it. MASSIVE VOLUME bar on Friday, I was impressed with how well it held in there yesterday after such a big day previous, this could be a sign of more gains coming from $SPCE in the near term.
Hope this helps
Sunday Prep 6/27 - $SPCE is a short if tests ATH - watch closelyFrom Sunday Prep Jun 27, 2021 prepared by TrueTrader pro @RickyAnalog
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From almost 52w lows to almost 52w highs in the matter of a few weeks. Pretty extreme if you ask me. But anything is possible in the day and age of the Reddit boards and highly shorted names. Was really surprised to see on Friday that the highest the strike prices went out on the options was $60. That means that earlier in the week, you may very well have had a lot of dealers selling premium on 45s, 50s, and 55s thinking “there’s no way they run the price way up here.” Well a lot of them probably were walking around funny this weekend as the stock gapped up Friday on news and the volume was the highest volume day the stock has ever had.
Will be looking for this to test ATHs and possibly start to show weakness.
But if this is going to be a gamma squeeze play, the best short may end up being later in the week. We will have to see how they play this out. Still may offer a nice short on Monday, and then they find support, only to head higher midweek.
SPCE receives FAA approval to fly passengersThere is 20% short interest or roughly 34 Million shares short. Options action - On friday, there was buying in the 7/16 $60 and $70 calls. Its also one of most mentioned tickers in fintwit. On the 4 hour chart, vwap is $53. That could be good entry, if it goes to that price. Good luck!
FAA Expands Company’s Commercial Space Transportation LicenseFAA Expands Company’s Commercial Space Transportation Operator License To Allow Carriage of Space Flight Participants (source: Virgin Galactic website, 25th)
Most rocket factories are of military nature. Then, there is SpaceX, Blue Origin, and Virgin Galactic. But it is only Virgin Galactic that focuses all its efforts on space tourism. Thereby, the importance of a new license carries incredible importance.
As you could see, I've been longing since 25.63 For all investors believing that space exploration is the future of humanity, Virgin Galactic is currently the best pick. SpaceX is clearly ahead of all but is not available for public trading. Other potentials such as Boeing keep the space lower as the priorities go.
Although Virgin wants to do tourism, they still collect data for NASA & lift up satellites to supplement their income nicely. In fact, I believe it was two days ago when a flight was pre-planned to happen originally (LauncherOne mission), but it is eyeing the first week of July now.
With nice news between Thursday/Friday sessions and the first launch to be streamed live, this company is likely to remain bullish for a minimum of two next weeks.
However, entering the market might be difficult as high volatility will cause frequent overshoots and stop-outs. Hopefully, there will an opportunity for late investors to enter as I believe reclaiming of February highs is just a matter of time.
Good luck!
SPCE bound *update*Upon the FAA approval of VG taking passengers to space, we saw one large movement today.
This swing was a tad more than expected. Needless to say, i doubled my portfolio. How about you?
I know a buy signal when I see one!
Virgin Galactic ?Wave 5. SPCEThat is what we are currently suspecting. It is going hyperbolic like a true space rocket, so watch out. This one is red hot.
Remember, this is not financial advice. You must do your own research and carefully make decisions for yourself by yourself. We love TA and do not provide individually tailored financial advice, or financial advice period.
Now that aside, Fibonacci in crystal clear green and invalidation noted, as always, in red. Good luck out there.
spce. space tourism leading the market.This one both confuses me a lot and doesn't surprise me. I can see how if money had little or no meaning then maybe I would think why not just go for an afternoon launch because f*** it? On the other hand, how could one possibly rationalize spending money on this? Are you considering spending money on becoming a space tourist? For half the price I can give you triple the perspective. I can even include risk of loss of life depending on your level of investment.
I'm joking by the way, I don't want people to start thinking crazy. I know text doesn't always come across the way you absent mindedly might have hoped it to. Unless you are actually considering my proposal, in which case, it is whatever you thought it was.
