Virgin Galactic Holdings Inc
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Trade ideas
Replay of Short $SPCE trade - News TriggerWanted to hone in my skills to trade pre-market with news of public listed company. Especially price action weak companies where the bear action would be quicker than the rest.
This would act as a hedge for my long portfolio as well.
The news that I got from my notification was the filing of S-3 of 100m+ shares readied to be sold by existing shareholders + 8m of warrants to be further issued to the market (Though, post-facto I found out that it was just a conversion of S-1 to S-3 from Twitter but I was already in the trade and wanted to follow the plan in contrast to my short $IQ trade where I was a scaredy cat.
So news notification came in and I shorted pre-market at $24.00 (LMT order) and the price fell downwards to $22.80 at one point and I was feeling HIGH on the fast and furious downward ride.
Market open and the price was shooting up, it affected my Friday night mode and entire night I was looking at the chart. Which on hindsight, I should have set a stop-loss of $26 which would save my mood from crumbling when I looked at the 1m chart. Scary AF.
But the trade is now working out and I see the possibility of it falling to $20 using EMA 200 as a dynamic support and perhaps falling even deeper to 14-17 range.
Who knows. Hang on tight.
Bearish Trend - Re-entry analysisI am SPCE long looking to increase my position and improve my average cost basis
Both fundamentals and technicals are bearish.
RSI below 50%
Stoch bearish divergence
MACD sell signal
Looking to start buying at 20 USD down to 17.25 USD
Stop loss at 16.65 USD
Two good levels to go long SPCEIn my opinion we are moving to 18.5 zone, there is a strong support level there. It could possibly turn from 21, (fib level ). First target is 35 and up.
SPCE GO BACK AGAIN 20$ ?I prefer the "2" scenario to load up more this stock, but it can go up when SPCE release new test flight date.
SPCE looking to blast off againPerfect .618 retrace, looking to fill the gap to $32, i like it for more. This is a good time to add.
$SPCE Gap to fill, Respecting 50ma, Resistance @27.30 with 21ma $SPCE on the daily still has a gap to fill, dipped on poor news. Tested failsafe features and proved to be safe in the event of a Comm issue. Definitely looks great for a long hold, just watching until we get a new launch window.
[SPCE] Lookin a Lot Like a SpaceX ROCKET Right Now!Aaaaaaaand that ladies and gentlemen is why you exit FOMO stocks at the top, I shed 50% in total averaging ~$33 over 4 cashouts.
If this touches down on green and especially dotted line, you can bet I'll be loadin up again B).
OG Idea:
More OG Idea:
$SPCE nearing a fib pivotWave 2/C nearly in. Expecting another $2 of decline before heading higher. Entered 12/31 $26.50 long puts @ $2.38.
SPCE drop 17% after aborted spaceflightSPCE hit the support line at 26.29 if it didn't pass through today it will go back inside the trend tunnel again very soon.
If it passes the support line of 24.37 -> stop loss
spaceflight will be rescheduled soon and will force it inside the tunnel again
Virgin Galactics failed to launch, Buy at 20$Stop loss under the blue trend line, targets 27$, 30$ (Gap close) and 42$ initially.
SPCE Virgin Galactic Ready For Selloff? This is when i told you about the Buying opportunity of Virgin Galactic stocks, at 21 usd:
Test flight failed to reach outer space!
The company said that during a test flight launched on Dec. 12, the rocket motor “did not fire due to the ignition sequence not completing,” keeping the flight from reaching space. (marketwatch.com)
The indicators gave a sell signal on Friday.
f you are interested to test some amazing BUY and SELL INDICATORS that i use, which give the signal at the beginning of the candle, not at the end of it, just leave me a message.
Virgin Galactic The testflight of SpaceShip Two was aborted and therefore the chances are high that the stock could come down.
The priceregion at 18$ acted in the past as significant support and also entails a Fibonacci cluster section. Therefore I am looking out for a trendreversalpattern at around 28$.
$SPCE ShortAfter wave 1- look for a retracement to .618 to support at 28.39. Consolidation until wave 5 and up to $38 +
This is not advice. Do your own DD
we need to get past $36 to see $41.50+ fib levels.
showing relative strength. may be able to keep the momentum going with another launch this weekend (or next weekend if weather cancels it)
Patterns- I sold my portion, not all Will be back when hitting the channel! GL trading!
Short for now.
