SPCE Trade on Jan 24, 2020 11:21 from beno: Tradervue User Stock Trades.

Shared by
beno

Fundamentals

New company focused on long term growth in space exploration, no revenues, pure speculation.

Catalysts / News / Painting the picture

-Recent Conference news
-Up swing fueled by below Dec 10 2019 Morgan Stanley comments:
-Morgan Stanley Bullish On Virgin Galactic, Says Space Tourism Is Incubator For Hypersonic Travel

Technical Analysis

-Supported at $7 (ATL)
-Levels: 7, 9, 11, 12, 16, 20
-Bearish intraday, was following SPY
-Back side swing potential put in today but very strong support at $16

Original Plan / Strategy

First Test Long of 17.8 level

Review

Again, only first lot got filled before bounce happened, took 10 cents profit

Execution detail:

Date/time	Symbol	Side	Price	Position
2020-01-24 11:21:58	SPCE	buy	$17.860	long
2020-01-24 11:25:04	SPCE	sell	$17.950	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=SPCE&trade=12660020&end=20200124115404&i=m1&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=SPCE&trade=12660020&end=20200124125504&i=m3&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=SPCE&trade=12660020&end=20200124160000&i=m15&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=SPCE&trade=12660020&end=20200223&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}