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SPCE

SPCE bounce incomingMany investors in the SPCE were betrayed by the green of Brandon and company and they were hoping for good future but instead chart has turn on them. Despite sell off we can see incoming golden pocket and 50 MA , although sellers were not exhausted today we could see bounce to the Friday which would slow down the the downtrend. Overall on the weekly and monthly charts SPCE appears in uptrend. We have crossed the previous head and shoulders neckline. RSI index is at 32 and Slow stochastic is getting over sold which could also signify incoming bounce. Golden pocket is at 31 and next support is at 29. Psychological level of 30 could see some incoming bulls.
NYSE:SPCELong
by designerhermespro
1
SPCE Virgin Galactic Where Are The Buyers?This is a daily chart of SPCE. As you can see, SPCE is currently within an uptrend which is best defined by a large channel. The most ideal entry would be around $23-$25 as this would be the bottom of the channel, but that doesn't mean the price will drop that low. As we've seen in the past, buyers have stepped in at the 30 Week Moving Average which is the green moving average that the price is currently at. The 200 day MA (blue) would also be another good entry as it has supported the price before in the past. There are a lot of people looking to invest in SPCE, likely a lot more than before now that Virigin has had a successful flight, but panic sellers, shorts, and Virgin diluting shares has brought down the price quite a bit from it's peak and are currently in control of the price action. A more aggressive investor would want to get in somewhere around $34 (30W MA) while an investor who feels they can take it or leave it with this stock would find the best entry at the bottom of the channel. From the calculations I've seen (I have not double checked them myself), the dilution should only negatively impact the price about 4-6% which means the majority of the selling is being done by panic sellers and shorts. I would assume SPCE is finished with the dilution of shares and I believe we should see confirmation from them soon stating this as well. I personally believe SPCE will one day return to the top of this channel but I have no inclination on when that will be. Since the top of the channel is an ascending trend line, the price target increases with time.
NYSE:SPCE
by ttrending
1
SPCE: Is it worth to trade it right now?Hello traders and investors! Let’s take a look at SPCE today! Yes, SPCE is dropping sharply, we have no reversal sign around, and there’s nothing telling us it’ll stop dropping. However, we have some key points to keep in mind. Since we lost the 21 ema and the gap area (yellow square), which was indeed an Exhaustion Gap , I think we can work with Fibonacci here. Another support lost is the 38.2% retracement, and in these circumstances, the 50% retracement usually works. This retracement level is around $ 35.80, which is starting to get close to the 21 ema in the weekly chart: It looks like we had a huge V-Shape recovery here, and now we are just doing a pullback. In the mid-term, the odds are that one of the retracements will hold the price, but the 50% retracement would be a perfect support. If SPCE hits there, then it might be worth to trade it. If SPCE will lose it afterwards, or if it’ll give us a reversal sign and fly again to the $ 60 we don’t know yet. SPCE could be an interesting stock to trade, but right now, my students and I are aiming for more interesting stocks. Just focus on the points mentioned in this analysis and you’ll be just fine. If you liked this analysis, remember to follow me to keep in touch with my daily free studies, and support this idea if it helped you! Thank you very much!
NYSE:SPCE
by Nathan_The_Finance_Hydra
10
VIRGIN GALACTIC Ignore the rumors focus on the Buy ZoneThe flight of Virgin Galactic is the talk of the town but the recent rejection near the 62.80 Resistance reminds us to just follow the technicals. Since the November 2019 low the stock has been rising on Higher Lows with the 1D MA200 (orange trend-line) and the 1W MA100 (green trend-line) offering a rough Buy Zone along with the RSI. Until 62.80 breaks, the target should be on the Lower Highs trend-line. Above the 62.80 Resistance, the Fibonacci extensions come into play. ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> Ether2020 --------------------------------------------------------------------------------------------------------
NYSE:SPCE
by TradingShot
2
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.
CAPITALCOM:SPCELong
by caldooninvestment
5