SPACE, gapsAfter the clear sell the news event, it dropped down and still has 2 gaps lingering to get filled overtime.e
VVVirgin Galactic Holdings Inc
2.7040EURD
−0.0285−1.04%
At close at 17:14 GMT
EUR
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1SPCE trade ideas
SPCE- update virgin galacticseems like we are seeing higher lows forming, i have accumulated calls from previous resistance which was $32. I believe this resistance will soon turn into support seeing that CEO and other executives have cashed out. This brings a good buying opportunity for those who are playing option calls. As im sure people are happy to pick up cheap contracts.
$SPCE With short covering to $35 , closing the gap also #virginSPCE’s revenues increased 139.9% year-over-year to $0.57 million in the six months ended June 30. Its gross profit grew 681.5% from its year-ago value to $0.51 million. Its cash and cash equivalents rose 51.3% year-over-year to $564.66 million.
Analysts expect SPCE’s revenues to increase 831.8% year-over-year to $2.22 million in the fiscal period ending December 31, 2021. In addition, the company’s revenue and EPS are expected to increase 790% and 35%, respectively, in the following year, versus the current year. Over the past year, SPCE has gained 38.3% in price to close yesterday’s trading session at $24.25.
Among 11 Wall Street analysts that rated SPCE, three rated it Buy while six rated it Hold and two rated it Sell. The $38.44 median price target indicates a 58.5% potential upside from its last closing price. The 12-month price targets range from a low of $25.00 to a high of $51.00.
SPCE Potential Fill Gap then Bounce?SPCE short term trade
It could be filled a gap of around $21.6
Soft target $35 (around 60% gain) in short term
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This is not financial advice. I'm not a Financial Advisor.
Trading is a high risk, do your own DD.
Let me know what you think
Cheers, I would share all my thought next time.
PEACE.
I think a little further downVirgin has a tendency to stay low on the stoch RSI even after and already big pullback. Could be some more room left downward before an opportunity to buy in again.
The bottom trend line in the chart is the main trend line. So if it goes down further that'll be either support or new resistance. Not likely it'll become a resistance. Cause for worry otherwise...
Time to Buy #SPCE - Ready to Go UpHello Traders,
It's time for this stock to go up, if everything goes well, i expect a short term up at list (if Sir Richard Branson dont use his ATM) (it could go down after, max between 18$ and 20$).
Flight will not start before 2022 but, sales started at a higher price and a test flight (paid) is expected in late september.
- Virgin Galactic reopened ticket sales with prices beginning at $450,000 per seat (before it was 200 000$).
- The space company now targets late September 2021 for the mission called Unity 23 - company’s fifth crewed test flight to the edge of space.
NYSE:SPCE
Jump into the Rocket or Stay on the Ground !
This is a long Term opportunity for the only and the cheapest (near) space travel.
VIRGIN GALACTIC: Buying opportunityVirgin Galactic has had a few bearish weeks but now looks about to enter a pretty good buying opportunity area.
The 25 to 14 range seems like a great spot for accumulation and the last swing low at 14.53 was bought back with quite some strength.
The private space race does not look like it's going away any time soon, and any major victory by Branson could mean some quick pumps.
Entry SPCE@ $25 Target @$2,500 Jul 6, 2026Virgina Galactic, Inc
Entry SPCE@ $25 Target @$2,500 July 6, 2026 Long Term
Entry SPCE@ $22 Target @ $600 Jan 6, 2025 Mid Term
Entry SPCE@ $21 Target @$250 Jan 1, 2024 Short Term
Technical Analysis Conditions:
1. Break-out of Channel $60
2. Pull-back toward $14
3. Ideal Entry $15 to $25
4. Target @ $250 to $2,500 Range
Fundamental Asset Descriptions:
Space Exploration
BECOME AN ASTRONAUT
This year, we’ll be making a limited number of tickets available
for future spaceflights. Take the leap with us as we get
one step closer to filling the world with astronauts.
Company Website: www.virgingalactic.com
