SPCE is getting ready to go to SpaceAfter a successful test flight, Virgin Galactic shares went up. But, if you look at these stocks through the Elliott Wave Principle, this growth was likely.
From February 2020 to May 2021, wave (2) of unfolded in the form of a running flat. Wave (2) corrected wave (1) at 0.786 Fibonacci. After completing the correction, the price began to rise from $14.27 to $35.04. It is possible that the wave 1 of (3) of has not yet been completed, which means that it is quite likely that the local maximum of $35.04 will be updated.
In the future, I expect to see a correction in SPCE shares, followed by a strong growth. I can calculate the possible end of the wave (3):
wave (3) = 1.618 wave (1) at $71.85
wave (3) = 2.618 wave (1) at $107.44
wave (3) = 4.236 wave (1) at $165.03
I think that SPCE shares have a high potential for growth.
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Branson to space before Bazos! SPCE will hit $80I predicted $50 with the first tweet here:
Then there was the gap analysis, which is still in effect:
I also predicted the second gap here:
And introduced the idea of $80 price tag last week:
This is another confirmation to my previous analysis but also want to add a second target of 140 before their earning call.
SPCE - All the way up! 🙌-Virgin Galactic shares surged on Friday after the space tourism venture announced its next spaceflight test will carry founder Sir Richard Branson.
-Two pilots will fly spacecraft VSS Unity, carrying Branson alongside three Virgin Galactic employees, planning to launch on July 11.
-The launch marks an attempt to beat fellow billionaire Jeff Bezos. The latter announced in May that he will launch on his company Blue Origin’s first passenger spaceflight on July 20.
SPCE: Potential Resistance LevelsHi everyone,
Just following the news of the Virgin Galactic flight, I thought it may help to share potential levels where price may reach resistance.
There will likely be a lot of buying this month in anticipation of the flight - therefore my gut-feeling is we should see a new ATH, and a price between 80-100USD.
If you think something different, please do leave a comment.
Good luck!
SPCE: With the after hours announcement that Sir Richard Bransonwill be on the Space Test Flight on July 11, SPCE rallied from minus 6% to plus 19% for a total swing of 25%. The total volume for the day was about 35M, a fraction of the 300M last Friday which took the stock to $59 following the news that the FAA had granted them a license to fly passengers to space. On this chart, I have listed the daily pivot levels R1 through R4, plus the obvious trendlines, as well as the fib 61.8 retrace to help with the profit taking. As you all know, wave C always follows wave B. Also, remember the time proven adage, buy on rumors, sell on news.
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
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.
$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






















