SPCE - pullback, then to the moon

My favourite stock at the moment.

Likely to be hyped in the coming months as:
- SPCE will get tge approvals for starting operations.
- Richard Branson to the moon.
- Potential announcement of different product lines and revenues from agreements with NASA and maybe Disney (new CEO is ex-Disney)

Buy at 21$ pull back.

First target 32$ --> achivable next week when they show the cabin and announce the approvals of regulators.

Second target 47$ --> achivable when Richard Branson goes to the moon and first clients announced.

Third 64$ --> achivable when first clients fly and tell how incredible experience it is.

To the moon --> announce of hypersonic flights, Disney agreement, etc

Kommentera:

Pullback as expected, tomorrow I expect to see a close around 21, which would be a good point to start loading the truck again.

Next week it could go up again as they show the cabin and generate some hype.

Kommentera:

Pattern developing as expected. It may go to 16-17$ if q2 earnings disappoint, which I think they will. Wait to confirm if 21 level holds or not.

Kommentera:

Finally Spce lost 21 level. I think it will make a head and shoulders figure, and dip down to 16-17 area.

Just wait, as short sellers are going to come like a pack of wolves for this one. If it holds the 16-17 area for a few weeks, it may be a good range to start accumulating.