ADDED to $SPCE New Target 41.48 for 30.07% $SPCE Target 41.48 for 30.07%
Or next add level is at (anywhere around here is a great add.
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On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
I start every position with 1% of my account and build from there as needed and as possible.
I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
SPCE
Virgin Galactic looking for a huge move? But which direction? With a possible head and shoulders pattern in the charts we could see a huge move down in price!
On the other hand, for about a month now I see a alright triangle forming for a possible leg higher!
So in conclusion I'm going to try an options strangle for a possible break out either way!
Virgin Galactic (NYSE: $SPCE) Flashing Signs Of A Reversal 🚦Virgin Galactic Holdings, Inc., an integrated aerospace company, develops human spaceflight for private individuals and researchers in the United States. 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 engages in the design and development, manufacturing, ground and flight testing, and post-flight maintenance of spaceflight vehicles. The company was founded in 2017 is headquartered in Las Cruces, New Mexico.
$SPCE Target 44.24 for 27.68% $SPCE Target 44.24 for 27.68%
Or next add level is at 25.06 (so basically anywhere here)
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On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
I start every position with 1% of my account and build from there as needed and as possible.
I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
SPCE basing and ready to go back upThis looks like a great play and a few gap zones can be short targets.
Long term play is also positive.
Target entries:
1. $29-28/ Current price is a lower range of triangle support
2. $26 holds we can avg down
Stop loss: $22 I would take this chance to see it hold.
Targets $36 recent high, $60 FEB highs
Risk:Reward = +$10 to +$30 V. -$5-7
Short exit target can limit loss to 10%
SPCE newsThe first powered test from Spaceport America was scheduled for December but computer trouble caused by electromagnetic interference prevented the spaceship’s rocket from firing properly. The test was rescheduled for February but then scrapped as the team continued working on the interference issue. Colglazier said the flight now is scheduled for May.
Fundamentals: Whenever a new test flight was announced, the NYSE:SPCE price increased.
Technical Analysis: MACD crossing, we can see reflection from the support and overcoming resistance
SPCE - LONG - PRICE TARGET 31.72 - 32.75LONG POSITION ENTERED AT $30.70
SPCE:
Lots of technical confluence present in the 30m chart of SPCE. As you can tell in the chart, there is a big fat double-top which seems to have failed. This is your classic example of "what should happen, doesn't." (Peter Reznicek). This seems to be a common theme with SPCE latley, as you can see you had two previous 30m candle break below the trendline but price still continued upwards. When this occurs you should prepare to the exact opposite of what should've happened, in this case go long as the price should of went lower. In a solid double top, you should see the price break below on the second touch of the neckline. This is not the case as it broke out of a 30m balance zone to the upside, while also bouncing off the trendline indicating a bullish trend continuation. RSI is continuing upward. Also looks like you have people loading up long last minute with large volume on the last 30m of the day.
There's really two options here: The double top has failed, continues upward to form a triple top(more likely IMO), or it breaks all the way up to the top of the trendline. The only objection I have to the triple top is the volume profile shows that price has not stayed around that range for a long duration and it's possible it'lI gap up right past it Monday morning to get closer to the Point of Control. If a gap-up above 31.70 doesnt occur Monday, I plan on taking profits at the 31.70 mark as the price will likely quickly reverse if it does form a triple top. I will re-enter if the triple top fails at the 31.70 mark and set my stop slightly under and target the upper trendline at $32.75.
Thank you for your time, for the sake of increasing my own personal knowledge, while also sharing what i've learned so far, you can look forward to more of my technical analysis in the future. Weekends will be the days I will publish. I would like harsh criticism from any fellow traders, especially more experienced ones. Feel free to give me your thoughts. Thanks and have a happy Easter!!
Virgin GalacticMission:
Our mission – to be the spaceline for Earth – means we focus on using space for good while delivering an unparalleled customer experience. Through our work, we believe we can help inspire future generations and make it possible to see our beautiful home planet from a new perspective.
Recent News:
1. Virgin Galactic today unveiled the Company’s first Spaceship III in its growing fleet, VSS Imagine. The spaceship showcases Virgin Galactic’s innovation in design and astronaut experience. Imagine also demonstrates progress toward efficient design and production, as Virgin Galactic works to scale the business for the long-term. VSS Imagine will commence ground testing, with glide flights planned for this summer from Spaceport America in New Mexico.
2. VSS Imagine will commence ground testing, with glide flights this summer
Breakthrough livery design allows Imagine to mirror the surrounding environment as it moves from Earth to Space
Manufacturing ramps up on next SpaceShip III in the fleet, VSS Inspire
3. Land Rover has announced a three-year extension to its global partnership with Virgin Galactic, the world’s first commercial ‘spaceline’.
Virgin Galactic’s latest spaceship was unveiled today, supported by a Range Rover Astronaut Edition. Land Rover will remain an integrated part of Virgin Galactic’s day-to-day operations as the company completes test flights with ‘SpaceShipTwo’ and begins a regular commercial service.
Land Rover vehicles are part of daily life for the Virgin Galactic team, with roles which include towing the space vehicles, carrying equipment and clearing runways before take-off. They played key roles during the company’s first two spaceflights which saw Virgin Galactic become the first private company to fly humans to space on a spaceship designed for commercial service. A fleet of Land Rovers also supported Virgin Galactic’s relocation from its manufacturing and test facilities in Mojave, California, to Spaceport America in New Mexico – the world’s first purpose-built commercial spaceport.
What do you think?
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SPCE TECHNICAL ANALYSISHello guys, here's a quick analysis showing some of my beliefs about $SPCE. I´m actually very bullish about this one ever since a rehearsal was spotted out of that previous downtrend and ever since, an aligned up trend may come further. Also, correct me if I'm wrong but I found out some of its resistance levels. If this one breaks through the S1, I really believe it shall go up to S2
🚀Blast off VirginGalactic 300+ % to the upsideBy following the monthly support/resistance lines we get a general indication of where this stock may go in the near future, approx 2yrs. As the acceptance of commercial/tourist space travel continues to grow it gives my thought/idea a bit more confidence.