Hello, fellow traders! Today, I am thrilled to present you with an exciting swing trading idea for SPCE stock, focusing on a potential price reversal and the opportunity to capture buy side liquidity.
Based on my analysis, I anticipate the price to decline into the violet area, representing a fair value gap. This presents a potential entry opportunity as the...
A Bambi's biggest trading obstacle in 2023 will be over trading in a bear market, especially the crypto kiddies looking for their next pump.
This is why you have to restrain from whoring yourself out to the market in the hopes of making a quick buck.
We call this, monk mode.
Not the whoring, the opposite.
Monk mode is abstinence from indulgence and has been...
Momentum built up, price now higher than 10 sessions ago.
Commodity Channel Index showing a reversal of the current short-term trend ( Bearish to Bullish)
Potential Earnings play, fundamentals are looking up for Virgin Galactic after a bleak winter.
MACD Signals Prominent Shift in Intermediate-Term Trend: Transitioning from Bearish to Bullish
Expecting a shift towards ~$5.00
Short term (2 - 6 weeks) Bullish
Intermediate Term (6 weeks - 9 months) Bullish
Long term (9 months+) Bearish
After two years without launching a spaceflight, Virgin Galactic Holdings, Inc. (NYSE: SPCE) is set to have its first flight since 2021 later this month as a test run before its first upcoming commercial as mentioned in its latest earnings call. Moreover, SPCE has stated its goals for the under-development delta class spaceships moving forward, which would...
Greetings and salutations,
SPCE otherwise known as Virgin Galactic reported earnings today and imo was a good ER. SPCE is on track for commercial flights end of June with the Italian Air Force and reoccurring flights shortly thereafter. There will also be another flight to space end of May. With these catylsts SPCE will surely do well.
If Institutions decide to...
SPCE is stirring up headlines again to try and gain some trading volume it looks like. Their PR team is quite tactical in positioning articles perfectly around earnings reports. Is this some positive news to maybe provide a story to the upcoming earnings report? With the stock being essentially on a slow descent back to earth since it dropped down below the $10...
SPCE is at a line in the sand of the chaos of the market.
On the 4H chart, price has bottomed and might be making a reversal pivot
as supported by a rising line segment on the RSI out of the oversold zone.
The though of a reversal is also supported by price crossing over the POC
line of the volume profile. Price above the POC line shows buyers are...
SPCE is losing money for 4 consecutive quarters showing that it is fundamentally
a losing proposition, perhaps destined for bankruptcy or alternatively share dilution
to raise cash which would prejudice present shareholders. Perhaps these scenarios
are baked into the price.
On the 4H chart the long downtrend dating back 2 years has continued. After
the turn...
Double top or inverse head and shoulders
~$4.75 Acting as support (A bullish sign as 75% upside with 40% downside)
Bullish case being a market bottom at $3.24, test of support followed by continuation to ~$6.75
Bearish case being a double top and continuation of the downtrend, wait for the tests before entering position.
50MA and 200MA narrowest since SEP21, crossover soon. Potentially Bullish, if the right catalysts. Sideways movement
200MA acting as support.
RSI Showing strength
MACD Similar outlook
Golden or Death cross in 7 days? After earnings.
Reason to buy :
1. Accumulation in the $5 - $6 area, it's been accumulating from $3.
2. Retracement stopped at the .38 level, which is still uptrend.
3. 200 SMA acted as a resistance on 01/27, but people accumulated more @ $5.40 - 5.50 area
Reason to sell :
1. SL $5.30, it's a reasonable and tight stop but RR is good with this setup.
*NOTE*
**I see a...
Short term swing trade idea using the BB% 20 indicator. When it crosses the zero line expect a bounce IF there is follow through. Not financial advice. Happy new year to all :D
Late January - mid-February price target of R3 ($6.11).
R2 ($5.60) still being tested, another test and flip of support likely.
Before catalysts such as earnings, news or PR.
We've had a golden cross and high volume that's stayed constant. The MACD is still wide and shows no signs of narrowing long term. Likely, we're entering the consolidation phase before...
