SRAC soon Momentus upside potentialMomentus is currently trading through Stable Road Acquisition under the ticker SRAC.
Momentus says it is the first company offering the infrastructure that will allow humans to flourish in space. These infrastructure services include last-mile satellite and cargo delivery, payload hosting and in-orbit servicing. In other words, Momentus wants to make space missions as easy as possible. Through a satellite-as-a-service business model, or what some call a space tow truck service, SRAC stock promises to capitalize on the growing space economy and be one of the best stocks to buy in 2021. (investorplace.com)
I expect a retracement before another leg up, but the upside potential including that ARK space ETF is there, if you want to enter early.
If you are interested to test some amazing BUY and SELL INDICATORS, which give the signal at the beginning of the candle, not at the end of it, just leave me a message.
Space
[SPCE] BLAST OFF! Coming Back for Another Landing ThoughIt's not even fair, my SPCE fractals just hit on point every time lol.
Literally bouncing exactly between my purple downtrend and green uptrend lines back and forth for months B).
I rebought the entire 50% stake I sold off at ~33 from last spike at ~25, didn't sell this time though. Would have been nice to catch that peak today, just hard to nail the timing and know the momentum but based on the downchannel catching Price and holding it strong I'm expeting reversion and another buy opp before we get back to the top green line.
Decent chance it breaks through and holds but I think this is just temporary ARKK Space ETF FOMO.
UFO ETF -space stock rally on ARK X newsSpace ETF (UFO):
The UFO is a space-related stocks ETF, it is traded 1.2% down yearly.
3 Month Avg Volume 38.1k
1 Month Avg Volume 78.1k (2X)
Biggest holdings:
(Name / % ETF position size)
1. IRDM 5.95%
2. ORBC 5.66%
3. MAXR 5.30
4. TRMB 5.29%
5. LORL 5.02%
If we break the rally into the Eliot impulse wave we can see :
1 Stage:
The first rally started on Nov 2nd after it bottomed down to 21.10$ and went up 9.6% to 23.13. which tells us the space stocks started rallying before the ARK X official announcement and is probably related to Cathie Wood mentioning it in a previous interview and also smart money getting in first on the move.
2nd Stage:
Went up 11.5% (25.84$) in mid-Nov to mid-Dec, in a 3rd wave in the impulse wave (3rd waves tend to be the longest ones), followed by a fourth wave -correction wave that tends to be the stronger one of the two(2,4), price traded lower (24.87$).
3rd Stage:
Price rose 5.8% (27.40$), News of ARK X the space ETF came out.
TOTAL MOVE is 30% in about 2 months
The ETF has finished its first impulse wave and we will see more upside in the upcoming months a lot of it because of ARK’s announcement and the simplest way to enjoy the space stock rally would be to hold this ETF until ARKX is public and tradeable.
Virgin Galactic Holdings Going to the Moon?Imagine recreational space flights available to the community....yea you heard that right!
Imagine over 400 flights throughout the year serviced to people that looks like you and me!
.....Exactly why I'm going all in on this company!
I do believe aliens are real and I feel that there is always more to be desired within the human race and I only see a bullish future for this space company especially considering this is a first within the intergalactic community with hopes of giving a recreational experience to interested minds. Space exploration is key and I feel like this company will thrive in space travel for the average consumer. This company will help the society tenfold simply off the ability to conveniently launch trips for leisure as well as research. I see a very bright future for this company!
I bought 2 shares @ $23. Price is at $27.56 now and in my opinion...it will continue to thrive upwards. Seems as if price is currently breaking through a resistance zone between $21-$27 and should turn the current resistance into a new support. Based off of the stochastic RSI, it looks like there has been a dip on the daily time frame. I have price at least retracing 50-61.80% of the previous high which mean that price should at least test or surpass the range of $29-$30. I truly feel like this stock will continue to rise. I do feel that price will break through Feb '20 high of $40...Let's see what happens.
I'm no expert. Simply an amateur trader!
Let me know what you think!
SPCE - Time for the next big move!First of all let me start out by saying that I believe that Virgin Galactic is an amazing long-term investment company, it is first of it's kind and it is start a completely new industry of space travel. Short-term things are at a key descision point. We are moving on the 1 hour chart inside a small channel, that we are most likely going to hit it's resistance and from there on we will either bounce back to the bottom of the channel which will result to drop to around 20$ . This is where it is the best long-term buy price, where you will be good to go to buy and hold for the next few years and even longer to just enjoy the huge returns. Otherwise, if we break the channel and go above 27$, we should see the price to atleast 35$ which would be the hight of the Daily triangle. On that price we are again going to have to wait for the price to decide if it will leave the triangle and go to 60-70$ or it will not break the resistance at 35$ and it will retest once again the lows of the triangle to 22-23$ and then go for the 60-70$ price. Either way, this stock is an absolute gem right now and even at 25$, if you buy and hold it's an amazing position for the next 5-10 years and longer.
Virgin Galactic SPCE Long 60%+Long idea for SPCE.
I identify a double bottom pattern on the daily chart, that may be doing a retest on the neckline (red rectangle area), which happens to be the 0.618 retracement and also a weekly support at around 23 USD.
If the retest is successful we may be looking for a 60% upside on this trade in the long term. Invalidation of this idea, is if it does not hold weekly support.
Virgin Galactic recently had a test flight, and the mission was to get VSS Unity to the space, unfortunately the objective of the mission was not achieved, but the spaceships and crew flown back and landed successfully on the spaceport without any problems, but that caused the recently price drop.
If the following test is successful SPCE will soar.
Please let me know what you think on the comments below.
Happy new year everybody!
[SPCE] Touchdown SOON Before Next LAUNCH!Unloading half my stake over 4 trades at average 33 worked out quite well with Price Action completing the expected mean reversion.
I have expanded the original Value Channel (magenta) by 3x now because Price Action is holding to the uptrend very strong and I do anticipate that to continue for years. Any BUY in the Value Channel likely to be good for a solid intra-year swing trade.
I'm very tempted to start scaling back in and will if I see signs of a trend reversal here but for now especially within the overall market conditions for the next couple weeks, I'm expecting a strong chance we can load up in the Value Channel again.
Will preferably start scaling back in on a green line X and each subsequent line X after that with a capstone bet as the trend reverses or before a big event.
SPCE VirginHello receive a cordial greeting, and a thriving 2021 our wishes are that 2021 will be a fantastic year in all aspects for all people.
We believe that this action has a great bullish journey based on Technical and Fundamental Analysis. But this is not financial advice
We have as resistors the key levels of 31, to consolidate it, 35 and 37.
and as resistors the levels of 17, 15 and 12. Also on the chart there is a blue circle, it represents a GAP, this is :
Gaps are areas on a chart where the price of a stock (or another financial instrument) moves sharply up or down, with little or no trading in between. As a result, the asset's chart shows a gap in the normal price pattern. The enterprising trader can interpret and exploit these gaps for profit.
Greetings and best wishes for 2021 L.E.D
In Spain as of 12/31/2020
Momentus has the MomentumSRAC (Momentus) has the momentum to go higher.
MA10: 16.8 (nice pop up from here today)
MA20: 16.2
Vigoride Mission flight to space is on January 14, on Elon Musk's rocket! This is the closest stock to SpaceX!
Short term target: 25$
After the flight (Jan. 14.)
Long term target: 50$
After the merge in 2021 Q1
$SRAC (Momentus) - a space odyssey! Momentus, moving very nicely
Bull flag here, moving nicely to the 30 target
[SPCE] Lookin a Lot Like a SpaceX ROCKET Right Now!Aaaaaaaand that ladies and gentlemen is why you exit FOMO stocks at the top, I shed 50% in total averaging ~$33 over 4 cashouts.
If this touches down on green and especially dotted line, you can bet I'll be loadin up again B).
OG Idea:
More OG Idea:
[SPCE] Fractal Theory is Incredible... Don't Believe? See THIS!Just updated the purple downchannel as a fractaled iteration of my first one and sure enough it aligns exactly, both at the mid point and the top.
I closed 1/3rd my position for >100% ROI, will rebuy more than I sold when it gets lower.
See the OG idea that called this peak exactly on the mufckin money...
SPCE is a Goldmine in 2021 www.virgingalactic.com
Dec 11th is a major deal! This is the 1st of two test flights until they "Have a go!" and send real passengers into space. The list is long with a lot of Billionaires :) at I think $250K a head WOW!
"Before passengers climb aboard the suborbital space plane SpaceShipTwo, the space tourism firm will send at least two powered test spaceflights aloft from New Mexico's Spaceport America, where the company moved earlier this year."
Mr. West on ETF of the day The Exchange Traded Funds (ETF) are a combination of other traded public companies that are gathered together based on sector, industry, and performance. The SPDR S&P Kensho Final Frontiers ETF, ticker symbol (ROKT) has been performing at a high rate. For the past several months, ROKT has grown 70% since it's sharp drop in March. (See image link below)
The ETF total net assets consist of top companies like; Maxar Technologies Inc, Virgin Galactic Holdings Inc, Honeywell International Inc, Heico Corp, Lockheed Martin Corp and many more companies that reflect the Industrial and Technology industries. According to Watch Market, ROKT has a strong portfolio that focuses more on Industry market which is at 86%, Technology at 10%, and Oil & Gas at 3%. Majority of these Industry companies are looking to push the envelope of space and space materials like Northrop and Grumman and Virgin Galactic.
It is trading at 38.59 a share and has a low of 38.53.
My prediction that this will continue to perform over the next 30 years as space exploration will tend to be a mission for many top Space companies.
MAXAR about to give backMAXAR is one of my fav stocks, but today I've decided to enter a put position for January at the $20 mark. Will it get that far? Probably not, but there is strong evidence to show its cooling off creating a massive head and shoulders as you can see in the graph. This could make some nice solid gains in the short term. Theres nothing else to really to say besides arkq dumped a large spce position, so space stocks may need time to cool off.
SPCE Life is probably better in Space...The wealthy Might need to go to space to make up for all the traveling they missed can't see this doing bad even in a economic downturn the rich have even more money now then before Covid. Like The Cup and Hope for A consolidation Reset to Form handle Then Break with Enough Power to get Through the Resistance on volume.. Depth of cup is about 7.50 so look for a move up to the 30's
NNDM almost hit our targetHello my friends and long time no see. I have personally sold out of nndm and didn't catch our move to the upside with is almost hitting our target in our last TA. This TA/Idea is going based on what the graph shows, so no news.
News
Well I'm not lieing about any news cause I'm not gonna read it, but ark has invested into NNDM , which caused it to almost hit our target. Ark is probably the best company to follow and them investing in a penny stock shows its not a penny stock to them and has potential.
-Earnings coming up, so it will be interesting to see. If you have any news that might come out it will be great. Again I suspect them to beat earnings, but a pull back before will be a buy imo
-elections results still going on with recount, but won't hurt nndm since space is going private
TA
-MACD is bullish, but can turn over
-RSI is overbought
-A retracement to 3.54-3.64 is on the table before moving higher. Also if we break above 4.10-4.20 we could suspect to go create higher highs with 4.09 being our resistance point.
-High vpvr from 3.80 and up, which is bullish
Final Thoughts
I personaly did sell and been leveraging on bybit for bitcoin, but I did buy the 7.5 may 2021 call and up 44% and also some shares. I would buy more shares, but my RH account is locked cause I accidentally used the wrong bank to deposit money, so I have to wait till funds are settled. Till then I'll watch for a pull back hoping I can buy.
Trade setup in the worksLooks like this goes to support level 1 (S1) then a likely bounce back to at least Resistance 1 (R1), MAYBE higher.
Should reach R1 by end of Nov, maybe sooner based on pattern here.
My alert is @ 16.5 and will jump in around there once I catch the bounce.
No bounce and I recommend holding off until a sign of change in direction.
* Template & indicators used*
*Zig Zag
*Pivots
*Vol
*All Patterns SMA50 Both
*MACD
SPCE has broken the wedge. Retest and a bounce needed to confirmPlease see my previous analysis linked to this update. We see SPCE has already broken the wedge ahead of schedule, indicating very bullish sentiment. Some are calling it "the only pure-play" in the future of Space. Who wouldn't want to take a ride?