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
-Up swing failed at $20 again
-Sellers dropped down to $19 like yesterday
-Bullish morning but faded all afternoon
-A break of 19 tomorrow is key for bulls
-Levels: 18, 18.5, 19
Original Plan / Strategy
First Test long of 18.5 with half dollar and vwap confluence
Review
Moved my orders down closer to 18.50 after seeing it grind above. Filled on three lots and traded out of them well, wasn't much of a bounce but still managed to profit.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-02-06 11:49:14 | SPCE | buy | $18.570 | long |
| 2020-02-06 11:49:14 | SPCE | buy | $18.550 | long |
| 2020-02-06 11:50:08 | SPCE | buy | $18.530 | long |
| 2020-02-06 11:57:06 | SPCE | sell | $18.615 | long |
| 2020-02-06 11:59:27 | SPCE | sell | $18.602 | 0 |
Leave a comment about this trade!
You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes
just a few seconds to sign up, and it's free!