Virgin Galactic Stock is primed to take off!
SPCE 🚀🚀🚀
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SPCE 🚀🚀🚀
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#SPCE #SPCEStock #MoonGang
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Links above include affiliate commission or referrals. I'm part of an affiliate network and I receive compensation from partnering websites. The video is accurate as of the posting date but may not be accurate in the future.
Video Topics:
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What's going on moon gang, let's talk about virgin galactic, which trades in the ticker spce right now it's at 54 53 and it dropped eight percent today. Just so, you know that sell-off happened because of this announcement. Flight test update we've been progressing through our pre-flight preparations and during the process we have decided to allow for more time for technical checks, we're working to identify the next flight opportunity. So a lot of people were excited excited for this test flight, which was supposed to happen.
This saturday february 13th obviously got scratched at the last minute and that wasn't really met with too much optimism from the stock market. Just so you know, before we get into the technicals um, i do have a position on spce. I have um some. I have four call options strike price of 75.
I paid four dollars per premium, um right now, i'm down 51, but the expiration date is late february. So i think i do have a chance of these working out, but anyway, let's go into the technicals virgin galactic trades under the ticker sp ce and on the screen. Now is the daily chart. These white trend lines are just the path that the stock seems to be following.
I wanted to map this out because this technical structure is referred to as a bullish pendant. I know that's a silly name, but basically it just means a triangle, and the stock was trading upward into that triangle. In the world of technical analysis, these do commonly break upward. We saw that yesterday and then obviously it was quickly smacked back down into it when the test flight was scrubbed.
But i really really like how the low of today found support right at the bottom of this trend line. It makes me think that a lot of traders are paying attention to this specific structure, which makes me more confident in it breaking upward. Obviously, it could build out for a while. It doesn't necessarily have to break out right away, but um it looks like it could.
Theoretically, build out in this triangle all the way up until late february, so we'll see how that one plays out. These yellow lines are just areas of support and resistance, just areas that it's bounced off. I've been been rejected by and on the bottom we have the rsi, which is the relative strength index. So overall, i just wanted to bring your attention to spce.
There is potentially a fundamental development when it's announced where this uh test flight will be rescheduled, but then from a technical perspective. We are in a very bullish pattern, so i am looking for a breakout. Hence why i bought those call options. Here's a look at virgin.
Galactus 30 minute chart just so you can see about like what happened yesterday. There was the breakout and then on that twitter announcement of them scrubbing the flight, it uh gapped down. We found support at this trend line, and i just want this i'll be actively watching this top uh white trend line for a breakout past that there is proven resistance at 58. I think the stock could struggle there and then i'll be looking at 60.. So those are the technical areas, i'll be paying attention to for resistance, but if, for some reason the bears really push spce down, of course, i'll be watching this trend line for another region of support if it goes below that i'll be watching. Basically, the area between 50 and 52. um i'll definitely be looking for support to be found there. Once again, it's rejected off those price levels between 50 and 52 quite a few times, and in fact, even though i have call options now, if it does dip to that 50 52 range, i will strongly be considering uh picking up shares to hold for the long Run for those of you who don't know from a high level view virgin galactic is now in the world of public uh space flight travel uh more of a just a travel thing.
Obviously they are targeting a pretty wealthy demographic. It's one of the first companies kind of doing this makes me excited, there's a lot of assumptions that it will be in the kathy wood space, travel space exploration etf. So i think that this does have a bright future, specifically in 2021 um, but we'll see how it plays out um right now. You can't get public exposure to spacex or blue origin so for everyone, who's interested in space travel right now, spce is the main play.
You have so i i personally think it has a bright future. I would love to know your thoughts in a comment below. Let me know if you agree with me, if you think, i'm overlooking something i would love to know your thoughts if you want to stay up to date with the portfolio with what the moon's gang is doing with these clips or with the live streams, make sure You hit the subscribe button below and turn on your notifications, so you don't miss any of the new videos. You.
SPCE SPCE SPCE SPCE SPCE VIRGIN GALACTIC 28 million ticket winning bid…surreal for the space sector.. SPCE to the moon monday not to mention more super news with richard branson and his NEW 3 billion virgin orbit merger
I've been buying since it was at $17, they're currently the biggest position in my portfolio. If this hits $150 I'll be able to pay my mortgage off.
Branson said Virgin Galactic would have commercial flights in 2011. When there is no announcement for a test flight this week, the stock will tank.
2/19 $40 Puts
55M for 3 tickets for an 8 day trip to the moon. Feeling pretty confident its moonbound!
I bought space at 35, growth has been fairly fast and steady. Heard something recently about the Woods fund, I'm holding for the long run.
Why is there not anything live today??? Am I missing something???
Just a comment, the stock has already doubled and you have the Feb26 75 calls, would you consider buying in the money calls instead if still bullish? a bit more expensive but they hold their value a bit better than out of money especially with earnings coming up
I have been in and out of SPCE for the last year or so. Made some good money. I have a little in my fractional share portfolio at the moment, but will jump back in heavy if it falls to $40 for some reason. I like it long term.
All of this complicated analysis misses the salient point that the company has no business model. They make ridiculous suborbital rocket-cessnas to sell joyrides to millionaires, and have killed people in the process. It’s taken them ten years to deliver on that promise, too. Once the small supply of rich people who want blow $250,000 to take a fifteen-minute ride to not even space runs out, they’ll have no business. The only reason it hasn’t gone bankrupt already is because Richard Branson is rich enough to be able to throw money at it forever to keep it running as his hobby project.
I currently have a 190.67% ROI wit SPCE in about 6 months, through and through I think this stock is a winner with exponential growth opportunity. Ima go ahead and say 10 toes down and no pivot with this stock and will definitely add more shares to my portfolio. I think there partnership with Rolls Royce is gonna add extreme value to the organization in the near future and drive stock up when they start high speed travel that doesn’t require a rocket launching pad like they’re competitors. I don’t foresee launching pads being built everywhere, and SPCE only needs a runway and can utilize existing runways at all airports to operate. Just some food for thought
Hope to hear from you about what's happening with the doge gang!
I have worked in aerospace industry for 15 years. I personally view this company more as a science experiment we’re new technology will be developed. I don’t see it as an amusement park ride into space. Once the market gets over the hype Iam afraid it will be overvalued.
Sir Richard isnt Elon, but he's a player no doubt. This was my blue chip when everything dropped. Very happy.
You should change your logo…the moon landings and nasa has proved to be a joke!
Will be watching. Thanks for the tip. HOLUU is a spac in that space, of space, as well…
Hey Matt, love what you in making the finance world exciting to a younger audience (ie 18-30 group) . Would you ever consider doing a weekly video series (not live) where you break down your trading week? We're interested in your successes, but I think we've a lot to learn from your mistakes or losses too. I would say 20 mins would be enough, and you could release it on Saturday or Sunday. It would partner nicely with your other weekly video about the trading week ahead and what to look out for. Best regards.
I got in last week 🚀 this is going to explode after test flight, them delaying it is annoying short term, but good long term as it means the test is more likely to be successful!
I'm tempted to buy some for sentiment alone. Which may be more important than practicality.
When you said Virgin Galactus I nearly spit my water out. As a Marvel and DC fan that put an interesting picture in my mind and raised even more questions 😂. Anyway keep up the great work Matt! I love the content and I’m sticking with you man. PS: Amazing intro!
Love the videos, for those of us that listen while doing something else, can you say the date when you open, rather than just say today? I have to stop what I'm doing and check the video date to see how recent it was. Appriciate it!
So, those idiots sold because the company is trying to be "extra careful"? …Yeah, okay..
Newbie here. Learning alot!!
Also!
D I A M O N D H A N D S
Do you think market open on tuesday is still a good time to step in?
Do you think SPCE is going to the moon or am I missing something?
Been watching since before you quit your job lol.
Do your thang!
AMC….HOLDING the fake Gucci bag currently lmao