SPCE
TSLAI guess it’s time for us Permabulls to take to social media with the Told ya so’s & 2 da moon’s. I will, however post the 1000% gain my calls fiddin 2 make 2morrow. I would say pray for the sorry sap that sold me the calls, but, since the split, that SOB has been EATING premiums.
IS $SPCE READY TO LAUNCH?? FULL BREAKDOWNHit the like button and subscribe for more videos! Shoot me a request and ill try and get to it ASAP! $SPCE
SPCE - inside daily candle - 11/12/2020set you alerts at today's high/low. if it breaks with volume , expect it to continue on the my targets on that side of the break.
#SPCE $SPCE
$SPCE I'm Bullish will ride waves up to $20 and possibly $25$SPCE I'm Bullish will ride waves up to $20 and possibly $25
spce elliot wave updateFor those who saw my previous analysis I just realized that my initial count was most likely incorrect as there appears to be and extension of the corrective wave. Bottom appears to be somewhere between $11-$14 and a week candle close after touching that price zone would be great bullish confirmation. If you already own some the dip most likely isn't going to be too bad so I suggest to just hold and forget about and near the bottom just buy up more. Good luck investors
Who doesn't like space?Virgin Galactic NYSE:SPCE can be an interesting stock to buy soon. Caution should be advised because of potential hype that comes with this kind of stock (no revenue at this time).
Technically, we see a detachment of the mode at $16.82 as of last week. This fires an uptrend that lasts well into Q1 of 2021. Interestingly, NYSE:SPCE is planning to send 4 employees into space in early 2021.
You could open a small position right now and add in the buy zone, marked with the green zone. I would not risk more than 1% of your portfolio. Stoploss under the low of the mode at $14.21.
To be complete, competitors are Blue Origin (by NASDAQ:AMZN ) and SpaceX (by NASDAQ:TSLA ).
PS:
Daily timeframe shows Buy zone has already been reached. A new daily mode projects price to reach $23.20 within 4 days.
SPCE GETS PRICE UPGRADE TO $35 TARGET (LONG SET UP)TITLE- BUY SPCE ON PULLBACK
Asset-Stock
ENTRY 1 19.90
ENTRY 2 16.90
SL 13.90
TP.1 24.90
TP.2 29.90
TP.3 34.90
Shares of Virgin Galactic Holdings (SPCE) jumped 3.4% in premarket trading Monday, after a bullish call from Cowen analyst Oliver Chen, saying the spaceflight services company is the way to won the "final luxury frontier." Chen initiated coverage of Virgin Galactic with an outperform rating and stock price target of $22, which is 26% above Friday's closing price of $17.46. " is uniquely positioned to benefit from the growing consumer interest toward luxury experiences, especially among high-net-worth individuals," Chen wrote in a note to clients. "We believe a substantial growth opportunity lies ahead with the commercial spaceflight business, which already has 600 reservations, and the development of high-speed point-to-point travel." He said a Cowen survey indicated there was a large addressable market for commercial spaceflight, with high long-term engagement and awareness. The stock has rallied 51.2% year to date through Friday, while the S&P 500 has advanced 8.6%.
SPCE to space?SPCE has gone up almost 30% in the last 4 weeks and I believe it will beat the bear market and continue bullish for a long time. According to my count we're now just beginning wave 3 which is usually the biggest wave. SPCE is not profitable yet but, they will most likely cater to their first customers by years end and will do something revolutionary (space tourism). Good luck investors.
$SPCE Virgin Galactic - Cup & Handle 20%+ Upside$SPCE Virgin Galactic - Cup & Handle 20%+ Upside
For confirmation, wait for a close >$22.40 (likely today or Monday)
Target: $27.50 by early November
Additionally, we saw some bullish options activity today:
$2.1M of $23.00 strike (ATM) 10/23 calls traded (5x OI)
$800K of $23.50 strike (OTM) 10/23 calls traded (13x OI)
$700K of $24.00 strike (OTM) 10/23 calls traded (4x OI)
SPCE has broken the wedge. Retest and a bounce needed to confirmPlease see my previous analysis linked to this update. We see SPCE has already broken the wedge ahead of schedule, indicating very bullish sentiment. Some are calling it "the only pure-play" in the future of Space. Who wouldn't want to take a ride?
ZMI WOULD GO LONG OVER 489, OR YOU CAN WAIT FOR THE 500 BREAK.
TRADE IDEA: 502.5C BID/ASK .50/.55 (LOTTO)
SPCE strong support trendlineSPCE needs to hold above my purple support zone and we could see $24 by end of October
