Virgin Galactic -Top and Bottom-Top and Bottom are 203.84 and 0.80 Above 203.84 the chart is worthless until we revisit the area below 203.84by ieraUpdated 557
The Painful Years of Doomscrolling Are Coming to an End: UpdateMade a throw in the 5th wave. Most likely a reversal. Virgin Galactic's Arguments: Virgin Galactic claims that Boeing performed substandard work and did not provide all the required data. The company also asserts that it has rights to use the transferred trade secrets according to the contract. If Virgin Galactic can convincingly prove that Boeing indeed performed inadequately and that the transferred information rightfully belongs to Virgin Galactic or is used legally, the court may rule in their favor. Chances of Success: Quality of Evidence: Strong documentary evidence of Boeing's poor performance and confirmation of intellectual property rights. Legal Strategy: Skillful legal defense and counterarguments that can persuade the judge of Virgin Galactic's position. History of Lawsuits: If Boeing has a history of losing similar cases, this could strengthen Virgin Galactic's position. Impact of Recent Events: The results of the CST-100 Starliner's mission to the ISS, which began on June 5 and was supposed to last eight days until June 13, 2024, will also significantly influence the outcome of the legal case. Forecast: Predicting the exact chances is difficult without a detailed analysis of all the case materials. However, if Virgin Galactic's evidence and arguments are convincing, the company has a real chance of success. Updates: Starliner's Extended Stay: NASA reported that the Starliner's stay at the ISS has been extended and it will not leave the station before June 22. This extension may impact the ongoing legal proceedings between the companies. Potential Boeing Scandal: American astronauts are stranded on the ISS due to a malfunction of the Boeing Starliner spacecraft. During the flight, four engines failed simultaneously, and before the departure to Earth, the astronauts discovered a significant helium leak, which is essential for the fuel system's operation. NASA is currently exploring the possibility of a rescue operation; however, the astronauts have limited time: the spacecraft can remain docked to the station for only 45 days. These issues with the spacecraft could negatively impact Boeing's position in the legal case and improve Virgin Galactic's chances of success.Longby Logica_Levels111
The Painful Years of Doomscrolling Are Coming to an End:Uncovering the True Structure of Social Sentiment in NYSE:SPCE I have identified a descending five-wave impulse pattern, where the fifth wave forms a terminal diagonal. Confirmation Criteria for My Analysis: By June 22-23, the price must precisely reach the $1.38-$1.39 range, not a cent higher or lower, and then correct in the format of the 5th wave of the terminal diagonal. By October 16-18, 2024, the correction should not drop below $0.3576 for the 5th wave of the diagonal. If these conditions are met, it would be an opportunity to look for a long position targeting a new high above the (E) wave of the impulse and a subsequent long-term bullish trend (keep an eye on the golden crumbs). Additional Insight: It is possible that the 4th wave of the diagonal has already been set, and there is a slight chance that the 5th wave of the terminal diagonal is also complete. The price might drop as low as $0.36, but it might not happen until as late as September 9, 2024. Once the lows are established by September 9, 2024, they must not be broken under any circumstances. If these lows are breached, we will need to explore alternative scenarios. Alternative Scenario: I foresee a blood-red path, but this requires a more detailed explanation, which I will provide later.Longby Logica_LevelsUpdated 2218
Virgin Galactic: Sky's the Limit for Space Tourism's TrailblazerVirgin Galactic is pioneering the emerging space tourism industry, with a successful test flight marking an important milestone. With a strong brand, visionary leadership, and a growing list of customers, the company is poised to capitalize on the high-end tourism market. Moreover, Virgin Galactic has the potential to generate substantial revenue from jet propulsion sales, and its stock price has been volatile but overall bullish.Longby EgideSimba6
SPCE this penny stock could launch from the support area LONGSPCE has lots of potential but sometimes gets bogged down with "technical difficulties" It is burning cash just less than the analysts have predicted. As such it is a risky trade. Best probabilities for success on a long trade is to buy as low as possible and hope that is its now putting in a reliable double bottom on a six month trend down. On the 30 minute chart I have marked upside targets on the volume profile not shown . I am expecting 100-150% in this swing long trade which may last 4-8 months.Longby AwesomeAvaniUpdated 10
SPCE, Price is preppin for a SPACE FLIGHT soon!!! SPCE is amassing massive net buy positions this past few days/weeks. It has registered +40% increase in net volume, from 66M to 95M. Buyers are back into the scene after the company has battled a longterm decline in its price from its peak at 62. But recent news has stirred some interest back on the company as Virgin Galactic completed its long-awaited first commercial spaceflight, called Galactic 01, on Thursday. On our technical data, Monthly Histogram has been consistently ascending this past few months -- now on its 6th month. Bubble up volume (bottom indicator) has appeared after almost two years of waiting (June 2021), 2nd one only for this year (Feb 2023, June 2023). The gap between the last two ones is 2 years conveying that buyers are now anticipating price valuation for the company -- with the recent good news. The current price range will be the new base for incoming series of ascend. Price is back at 1.0 FIB level on monthly -- a bargain that's hard to resist. Spotted at 4.20 Safeguard capital always. ------------- related news: source CNBC site. Virgin Galactic launches first-ever commercial space flight Space tourism company Virgin Galactic, founded by Sir Richard Branson in 2004, completed its long-awaited first commercial spaceflight, called Galactic 01, on Thursday. Taking off from Spaceport America in New Mexico, the company’s spacecraft was flown by a pair of pilots and carried four passengers: a Virgin Galactic trainer, to oversee the mission from inside the cabin, and its first trio of paying customers. The three paying passengers are members of the Italian Air Force. The flight also carried 13 research payloads onboard. Virgin Galactic’s start to commercial service comes after years of delays and setbacks. The company previously said if Galactic 01 was a success, it would plan to fly its second mission as soon as August and then aim to begin flying its spacecraft, VSS Unity, once a month. Virgin Galactic stock fell 10% Thursday after the successful flight. Sign up here to receive weekly editions of CNBC’s Investing in Space newsletter. The company continues to raise capital to fund development of its coming Delta class of spacecraft, aiming to build a fleet of vehicles that can each fly at least once a week. Virgin Galactic has a backlog of about 800 passengers. Many of those tickets were sold at prices between $200,000 and $250,000 over a decade ago, but the company reopened ticket sales two years ago, with pricing beginning at $450,000 per seat.Longby JSALUpdated 2242
SPCE Long entry here!Good day, When VR is green its a strong buy signal when VR is blue its a buy signal. When VR is red its a strong sell signal, when VR is orange its a sell signal. Preferably, would have liked to see a green buy signal on the weekly before entering the trade- we got a blue signal. With all that's been going with Boeing selling shares to raise cash I do believe SPCE has bottomed. VR 4 HR chart looks good but I expect a pullback how reliable is VR ? How VR works? When VR is below 30, oversold. When VR above 70, overbought. A word of caution, when VR goes to 100 (red) or to 0 (green) price may still go up or down. However the next candle on the Heiken ashi that goes red in an uptrend is the top and vise versa. Note: I execute on 5 minute time frame.Longby PicardsBoilerRoomUpdated 5510
IT IS TIME.The Golden Buy opportunity was april 23, 2024 SPCE has been slowly finding a bottom. from what I understand, Virgin Galactic has had a phenomenal year this year. The numbers have been looking better and better as they have been getting closer and closer to their full launching stage. They are projecting more trips into space as of next year. Buying shares now will put shareholders in a prime position over the next 10+ years. I am projecting a 5x share price growth over the next year. Dynamic Moving Averages I use Dynamic moving averages to show me goo entries and where potential bottoms would be. Using the averages I see that we are starting to trade higher than the 5-day moving average. This symbolizes an increased trade interest. While there is a big Bear still holding a massive, short position, it does appear the value of the short positions are steadily decreasing. Is this the time to start buying at a rapid scale? I do own position in SPCE. I have always advocated for SPCE I do feel like they are a prominent company and have a world changing product. Longby Bmmcoo009119
SPCE Virgin Galactic Holdings Options Ahead of EarningsAnalyzing the options chain and the chart patterns of SPCE Virgin Galactic Holdings prior to the earnings report this week, I would consider purchasing the 0.50usd strike price Puts with an expiration date of 2024-7-19, for a premium of approximately $0.05. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Shortby TopgOptions111
$SPCE - up or down?In my view NYSE:SPCE stopped a current phase of falling down and forming the plato, which will be a fundament for the next steps. We will be observing a huge profitable company for patient investors during the next years. In my point of view, as well, that it can bring till the x100 in the ending of the growth phase. Goal for the end of 2024 is 4-4.5. Does not constitute a recommendation. #furoreggs #investing #stocks #shares #idea #forecast #trading #analysis If you want to discuss, please subscribe and challenge this point of view.Longby furoreggs223
$SPCE - will it be able to show x2 ?Expecting NYSE:SPCE near 8 during the nearest time (1-2 months). Does not constitute a recommendation. #investing #stocks #idea #forecast #furoreggs If you want to discuss, please subscribe and challenge my point of view ) Longby furoreggsUpdated 1115
Mega falling wedge. Opportunity of a lifetime?Is this an opportunity of a lifetime? Ultra mega falling wedge!!! Longby Edgar7731223
$SPCE Falling wedge since April 2022On weekly charts - Looks like a falling wedge for almost 2 years, bouncing off the descending trend lines relatively accurately. Earnings report drops next week. I predict a pullback to around 1.70, followed by a rocket up to 2. What would be key is if SPCE can break and hold above 2 to begin the launch sequence back up to 3, 4, 30, 40, eventually. Otherwise, if 2 is rejected, simply based on the trendlines we can see it drop very low below a dollar. Hard support level is around 1.40ish where ATL is. If that breaks... well keep buying anyway. I personally want to read their 10k as well, which should be coming out soon. I think a turnaround is brewing for SPCE - BullishLongby xXNiftyLemonXxUpdated 2213
SPCEVirgin Galactic Holdings, Inc. is an aerospace and space travel company, which offers access to space for private individuals, researchers and government agencies. Completed the ending diagonal. tp1 4.9 tp2 13.9Longby Lazy-LizardUpdated 117
SPCE - An Excellent Long Term Investment OpportunityTechnical Analysis SPCE is starting to show some bullishness and strength here. I think SPCE will continue trending up, and my key price targets are $2.15 and $2.33 on this move up. A lot of stocks have experienced huge gains after earnings, if SPCE has a similar situation I can see a move up to the $3.07 to $3.47 resistance zone. I wouldn’t count on it, but that is the type of market that we are in right now. Virgin Galactic Holdings Inc (NYSE:SPCE) has made significant strides in the commercial spaceflight domain, as evidenced by its 2023 financial results and operational achievements. With a notable increase in revenue and efforts to reduce losses, Virgin Galactic stands at a pivotal juncture in its quest for profitability and sustainable growth in the burgeoning space tourism sector. This blog provides a comprehensive analysis of SPCE’s financial performance, highlighting the company’s strengths and weaknesses as it navigates the complexities of the aerospace industry. Financial Performance Highlights Revenue Growth In 2023, Virgin Galactic saw its annual revenue increase to $7 million, up from $2 million in 2022. This growth is primarily attributed to the commencement of commercial spaceflights and membership fees from future astronauts, signaling the company’s entry into operational commercialization. Net Loss Improvement The company’s net loss showed a marginal improvement, narrowing to $502 million in 2023 from $500 million in 2022. This slight reduction in net loss reflects Virgin Galactic’s ongoing efforts to streamline operations and manage costs effectively. Operating Expenses And Adjusted EBITDA Virgin Galactic succeeded in decreasing its GAAP total operating expenses to $538 million in 2023 from $502 million in 2022, demonstrating a focus on operational efficiency. Additionally, adjusted EBITDA improved slightly to $(427) million in 2023 from $(431) million in 2022, indicating a cautious optimization of earnings before interest, taxes, depreciation, and amortization. Strong Cash Position A pivotal strength for Virgin Galactic is its robust cash position, with cash, cash equivalents, and marketable securities totaling $982 million as of December 31, 2023. This financial cushion is essential for the company’s sustainability and future growth ambitions. Strengths Virgin Galactic’s progress in 2023 underscores its capability to increase revenue streams through its innovative space tourism services. The successful conduct of six human spaceflights within six months is a testament to the company’s operational excellence and commitment to delivering exceptional experiences to its customers. Moreover, the strong cash position enables Virgin Galactic to continue investing in research, development, and expansion, positioning it for long-term success in the space industry. Weaknesses Despite the positive developments, Virgin Galactic faces several challenges. The net cash used in operating activities and negative free cash flow highlight the capital-intensive nature of the aerospace industry and the significant investments required to maintain competitive edge and innovation. Furthermore, the marginal improvement in net loss and adjusted EBITDA suggests that while the company is moving in the right direction, achieving profitability remains a challenging endeavor that requires strategic focus and operational efficiency. Future Outlook Looking ahead, Virgin Galactic is focusing on the completion of its spaceship factory and the assembly of the initial Delta ships, with commercial service expected to commence in 2026. This forward-looking approach is crucial as the company aims to scale its operations and meet the growing demand for commercial space travel. Conclusion Virgin Galactic’s 2023 financial results reflect a company at the cusp of significant growth, armed with the strengths of increased revenue, operational achievements, and a solid cash position. However, the path to profitability is fraught with challenges, including managing high operational costs and achieving financial efficiency. As Virgin Galactic continues to pioneer the space tourism sector, its ability to navigate these challenges while capitalizing on its strengths will be key to its long-term success and profitability.Longby realchartchamp116
Long on SPCE, Virgin GalagticRSI, STOCH RSI reset with higher low MACD with positiv trend retrace to FIB 0.5-0.618 important to reclaim MAs SL 1.75 TP 2.95 www.tradingview.comLongby sn0kerUpdated 335
$SPCE bottom, upward trend entering sideways movement. NYSE:SPCE Bottom was confirmed at $1.38. There is a clear short-term upward trend that can be identified based on the higher highs and higher lows. For this trade, we assume NYSE:SPCE enters a consolidation phase with sideways movement. Short at $2.72 Long at $2.35 by flxtchaUpdated 2
SPCE: $24.0 Virgin Galactic | Trading Plan to $50 and $150Tourism or Bragging Rights... this Asset is a venue for making more deals among Big Shots kinda like a networking of Billioanires Boys club... by senyorUpdated 191921
SPCE continues to move upThis is a continued update of SPCE since I dont know how to add charts to updates this will have to do for now. The next targets in red are areas of interest and will act as magnets. They could also serve as areas of support and resistance. Chikcou span is in the cloud and could suggest price may be gaining momentum.Longby PicardsBoilerRoom2
SPCE DragonCould be an early reversal here on $NYSE:SPCE. A spicy dragon pattern has formed and currently attempting a backtest of the spine. This one has been a big pumper in the past, so I am cautiously optimistic for now. I'd expect a LL if it loses this supply line. Proceed with caution. Longby thomaszkryUpdated 15
SPCE up from here!Volume Ratio is incredibly oversold as noted by the indicator. Rise with positive earnings call. Longby PicardsBoilerRoomUpdated 2210