SPCE Gains and Draw Downs from 200 DMASPCE has respected the 200 day moving average in the past very well and we're very near that mark today. SPCE did hit the 200 day moving average a couple days ago but that was in pre-market hours.
In this chart are the gains and draw downs from the 200 day moving average. Long terms investors may be looking to acquire shares at this level while shorts may be looking to exit.
Virgingalactic
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.
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
--------------------------------------------------------------------------------------------------------
VIRGIN GALACTIC - Space Flight Completed✔️👨🏻🚀Unlike English football not coming home and shocking the world with the racist attack on the poor sidelined bench players (go short on Southgate...), Sir Richard Branson 💂♂️🇬🇧 took England to outer space and back home, safely and in pure British style.
This is history in the making, the billionaire and visionary making his dream a reality and promoting his business in the best way possible.
Big BRAVO and a lot of LOVE and admiration for Branson and Virgin Galactic . Not sure if he had Italian pasta and a glass of Amarone when back home.. Forza Italia, well done.
Our chart also proposes a strong buy.
the FXPROFESSOR
SPCE is getting ready to go to SpaceAfter a successful test flight, Virgin Galactic shares went up. But, if you look at these stocks through the Elliott Wave Principle, this growth was likely.
From February 2020 to May 2021, wave (2) of unfolded in the form of a running flat. Wave (2) corrected wave (1) at 0.786 Fibonacci. After completing the correction, the price began to rise from $14.27 to $35.04. It is possible that the wave 1 of (3) of has not yet been completed, which means that it is quite likely that the local maximum of $35.04 will be updated.
In the future, I expect to see a correction in SPCE shares, followed by a strong growth. I can calculate the possible end of the wave (3):
wave (3) = 1.618 wave (1) at $71.85
wave (3) = 2.618 wave (1) at $107.44
wave (3) = 4.236 wave (1) at $165.03
I think that SPCE shares have a high potential for growth.
SPCE: Potential Resistance LevelsHi everyone,
Just following the news of the Virgin Galactic flight, I thought it may help to share potential levels where price may reach resistance.
There will likely be a lot of buying this month in anticipation of the flight - therefore my gut-feeling is we should see a new ATH, and a price between 80-100USD.
If you think something different, please do leave a comment.
Good luck!
SPCE: Near-term forecastHi everyone,
Just to share a near-term forecast.
I think that SPCE (Vigin Galactic) will find support around 42, before it bounces.
This is supported by: 1) trend-line support 2) Internal 38% Fibonacci level 3) Completion of 5 sub-waves.
However this analysis ignores near term fundamentals.
Good luck!
$SPCE red to green possibility today @AOTtradesIf you're not already in this name they're maybe an entry possible with a red to green open this morning, this will give you a nice risk to reward with a stop at the LOD.
Let this name crave in a morning low then look for a R2G move if we get it. MASSIVE VOLUME bar on Friday, I was impressed with how well it held in there yesterday after such a big day previous, this could be a sign of more gains coming from $SPCE in the near term.
Hope this helps
$HOL $ASTR Big WeekBeen a bull in this company, but with it hitting the $10 range I did buy some at 10.02 and Friday bought more at 10.77. This week in Holicity/Astra is pretty massive and I believe the upside out weighs the risk. With getting about a 480mil on their balance sheet, this gives a somewhat fair value of $13, which at current price would be about 20% move this week or even more depending on other factors.
News
-Merger is this week on June 30th and Ticker change on July 1st to ticker "ASTR"
-Astra acquired Apollo Fusion, which will give Astra a boost in their Thursters. This will help low orbit and other orbits of Earth while also giving the possibility of sendings their Rockets too the Moon for SATS according to the interview with Astra and Apollo Fusion.
-Has Planet Contract to send SATS
-Was awarded the TROPIC NASA contract, which starts in Q1 of 2022
-Their monthly rocket will be ready around Q4
-Pipe investors can't sell in a 6 month period. Warrents are exchange at $10, not sure on the deadline.
TA: I know the news sounds amazing and theres more to come like the ANN of the summer launch, which no date is available at the time of writing this. It's suppose to launch this Summer.
-Prime Target in the short term is $13.
-Sideways movement is between the zones of 10.76-11.05. Below 10.76 is key buying and above 11.05 is lots of sellers.
-RSI is oversold and could see a bounce Monday with merger coming soon.
-MACD is looking to flip Bullish
-VPVR levels 10.84-10.90 with next high vpvr levels being in our trading zone of sellers. if we break above 11.26 next level is 11.37 than 12.28
-EMA's are consoldating, but squeezing suggesting a pretty big move ahead.
Final Thoughts:
I'm bullish on this stock in the short term and long term with it hitting my value of investing. Does the company make it cheap? Does the company help others? Who are they competing with? The last question is just 1 which is Rocket Labs, yet they failed to get the NASA Contract due to it not being cheap to use. ASTRA is a game changer and will only get better, but also tougher as other companies try to do it better and cheaper than them. As of now this stock is a buy in the short and long term.
FAA Expands Company’s Commercial Space Transportation LicenseFAA Expands Company’s Commercial Space Transportation Operator License To Allow Carriage of Space Flight Participants (source: Virgin Galactic website, 25th)
Most rocket factories are of military nature. Then, there is SpaceX, Blue Origin, and Virgin Galactic. But it is only Virgin Galactic that focuses all its efforts on space tourism. Thereby, the importance of a new license carries incredible importance.
As you could see, I've been longing since 25.63 For all investors believing that space exploration is the future of humanity, Virgin Galactic is currently the best pick. SpaceX is clearly ahead of all but is not available for public trading. Other potentials such as Boeing keep the space lower as the priorities go.
Although Virgin wants to do tourism, they still collect data for NASA & lift up satellites to supplement their income nicely. In fact, I believe it was two days ago when a flight was pre-planned to happen originally (LauncherOne mission), but it is eyeing the first week of July now.
With nice news between Thursday/Friday sessions and the first launch to be streamed live, this company is likely to remain bullish for a minimum of two next weeks.
However, entering the market might be difficult as high volatility will cause frequent overshoots and stop-outs. Hopefully, there will an opportunity for late investors to enter as I believe reclaiming of February highs is just a matter of time.
Good luck!
Virgin Galactic ?Wave 5. SPCEThat is what we are currently suspecting. It is going hyperbolic like a true space rocket, so watch out. This one is red hot.
Remember, this is not financial advice. You must do your own research and carefully make decisions for yourself by yourself. We love TA and do not provide individually tailored financial advice, or financial advice period.
Now that aside, Fibonacci in crystal clear green and invalidation noted, as always, in red. Good luck out there.
SPCE BoundWith the weekend around the corner, the RSI peaking, and the Fibonacci convergence... I expect we’re going to see a slight pull back towards the support zone around the $30 mark (38.2% FR)
Going into next week, after finding our support zone, I expect we’ll be on the climb to find the next resistance zone at around the $45 mark. (61.8% FR)
SPCE Virgin Galactic Broken down 7 different ways no indicators You don't need fancy indicators, algos, AI, Bobs approval from down the street, or even that one kid who made 100k and lost it all on WKHS meme stocks, (because he doesn't know how to trade) to tell you what's going on. You don't need news or to find a lucky penny, you can even let the rabbits keep their feet. I broke this down into 7 different ways you can look at this chart. I am not even using the indicatiors I have on there.
1-3 is a break down of trend lines and how price follows breaks and comes back to an area to give you Three ways you can find a way into this stock.
(3. being the safest place to enter any trade)
4. Is using an old trend line and identifying exactly where we are today on that trend and what was the result. Does it respect the Trendline? Does it ignore it?
5. Is taking price actions new angle being formed after it has come back down to its old trendline. Drawing a upward trendline to predict the high on any given day and what to anticipate from it moving forward.
6-7. is a break down of Wyckoff methodology accompanied with the Curves Stages (My own personal brain child) paired together to give a reference as to where Institutional buying is present.
Also take note that this is done a Daily Chart which will result in better movements into the directions you are wanting to follow this into. You can do this on a 15 min chart but it will result in smaller moves.