Cup and Handle playing out on SPCEWow, extremely powerful move here. Price target is still in the $28 range. From here, I'm going to start looking at longer term directional plays following this move.
SPCE
Bearish Ascending Broadening Wedge gets BTFO, Bullish breakoutWow, $SPCE has broken out of its ascending broadening wedge to the upside, this typically only occurs less than 25% of the time. The fundamentals on Virgin Galactic are propelling and controlling the technicals at this point. This is extremely bullish, and as long as it continues to respect the support levels being put in, it's a potential blue sky breakout.
SPCE New Trend & Fib RetracementSPCE had a very strong day today high volume and ADX at 25. May look to test new levels as it possibly works its way back up to pre-Crash levels.
Expanding On My Last Idea: I LOVE EVERYTHING ABOUT SPCEJust expanding on what I just said. I love the idea of this company and like Tesla, it could be the first of it's kind. 10 years ago people laughed at Tesla, now they're singing a different tune as Tesla is the most valuable car manufacturer in the world. Mark my words... 20 years ago it was the internet boom, right now and the last 10 years it's the tech boom, 4G/5G, streaming.... the next 10-20 years will be a space industry boom. I want to be in at only $20 a share.
-Aaron
SPCE Bullish Breakout: The Beginning To New Highs (IMO)In my opinion, SPCE is a lifetime stock. I'm just happy to be young and alive at it's IPO. I'm holding shares and I believe in this company. I DO believe we're bullish from here, no reason to fall back to $10-$15 again.
• Disney executive appointed new CEO is legitimizing the company as "this is real"
• Ships are almost ready to go
• Branson is first in line to go to space (I'd be second if I could)
• We're on the backside of COVID - this stock could held highs and already moved higher if we didn't have the market crash
• NEW bullish activity happening now and VOLUME is picking up
• Cabin reveal is coming up at the end of month
• Hundreds of preordered tickets confirmed and thousands in reservation mode (over 100 million in possible sales already)
THE FUTURE POSSIBILITIES
• tickets get cheaper
• Disney creates a "space world" in partnership with Virgin Galactic (zero G simulation rides, education/inspiration rides, best planetarium you've ever seen)
• interplanetary travel made much faster - Atlanta to Tokyo in 2 hours with new ships (this is actually already being planned)
• VG ships are already compatible with current international airports (no special runway or launch pad needed)
• other space and research partnerships with medical companies, NASA/government, satellite companies, etc
Buy and hold forever!!! This company could be the only stock you'd ever need to own. Imagine, $1000 price point in 10 years, with 1000 shares = $100,000 average profit a year. If you want to go to space, like I do, hold at least 250 shares and in 10 years they might be worth $250,000 and you can easily buy a ticket then. Bless!
Friendly reminder: All of this is my opinion. I do hold shares. Please invest wisely.
Bullish Charts - The Space Force, News ForthcomingVirgin Galactic Holdings, Inc., an integrated aerospace company, develops human spaceflight for private individuals and researchers. It also manufactures air and space vehicles. The company's spaceship operations include commercial human spaceflight, flying commercial research, and development payloads into space. In addition, it designs, develops, and manufactures ground and flight testing systems, as well as provides post-flight maintenance services for spaceflight vehicles. Virgin Galactic Holdings, Inc. was founded in 2007 and is based in Las Cruces, New Mexico.
SPCE was upgraded a few minutes ago to a BUY
On 07/02/20, Virgin announced it will reveal the design of SpaceShipTwo's Cabin Interior via Livestream on July 28, 2020.
On 07/01/20, Virgin announced it is getting closer to obtaining an FAA License for Space Travel. (This alone should make the stock spike upon approval of the license)
On 06/23/20, NASA announced it is stepping up support for Space Tourism.
Virgin could be the Tesla of Space Travel.
Daily Chart is Bullish
Volume is Bullish
PMO is Bullish
MACD is Bullish
RSI is Bullish
Stochastic is Bullish
Long!
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$SPCE testing its breakout resistance, big test coming!!SPCE is coming down to test the the previous resistance of the breakout trendline. This is typical of breakouts, and if it bounces from this point, I'd say we are cleared for higher.
If it gives up the range in the oval, this will turn into a failed breakout and SPCE could see much lower prices unfortunately.
FWIW, SPCE moves with the indices pretty aggressively, so I'm going to say everything will be dependent on the markets for the next 48hrs.
SPCE VS TESLA charts looking similar,,, againfunny, these two used to run almost identical, that trend was nill until this week. Starting to see the first convincing since of parity, Could be a great thing for us longs!
SPCE - correction could take a few more months to play outWatch for breakout of corrective pattern - could top $98
SPCE Breakout UpdateSPCE broke out of its pattern recently on a huge day yesterday. Today was a weak day (possibly due to flat overall market), however the bears also seemed weak on SPCE as they could not get the price down by much. This may be a strong bullish indicator heading into next week as SPCE may look to retest 20 after getting rejected today. From there it will look to push to the 21 and 21.50 resistance areas. Also note the upward hook of the upper Bollinger band paired with the flattening (rather than downward hook) of the lower band.
SPCE - LONG SETUPIF AND WHEN THIS BREAKS RESISTANCE AND BACK TESTS....THIS THING COULD REALLY RUN SINCE THERE'S NO HISTORICAL RESISTANCE TILL THE TOP OF LAST PUMP. ONE TO KEEP AN EYE ON FOR SURE. LOTS OF VOLUME ON THIS ASSET RIGHT NOW.
Tesla Long Spce Long Nio Long Spy long intraday? This premium tradingview software is sooo worthit. Ive been using for more then a year and I still learn something new every day.
GL peeps
stuck in the mud this rocketwell i think this rocket is in a definitive holding pattern maybe channel trade this a bit... buy at 14.23 sell anywhere over 16
SPCE has broken out of its 120+ day consolidation periodAs I said on monday it was coming, and look at how beautiful the break out formed. Now everyone is trying to claim they identified this huge accumulation and breakout. lol
High volume on the break to carry it through and build momentum. It's good to see Virgin Galactic get out of this consolidation period, and now it's time to retest previous highs at $42
SPCE Ready to YEET? FUNDAMENTALS - FAA licensing + NASA ContractHope you all have been accumulating... SPCE will be getting their permissions to do big boy things in the coming month (likely sooner)
Price targets I am watching are 0.5 and 1 Fibonacci extensions.
Anyone who trades crypto may see a familiar pattern here on the 1 Fib extension?
Share any thoughts and feel free to ask questions, knowledge is always free from me.
HUGE ACCUMULATION, TA and FA CONFLUENCE! HOLD ON FOR THE RIDE. Huge accumulation happening for the past 3 months. July 31st is the reveal of the interior of the space ship, and Aug 2nd is their earnings report, where they will more than likely announce they have received FAA certification, AND have scheduled date for getting RB into space.
This confluence is extremely rare to see in an asset.
