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Virgin Galactic (SPCE) Predictions for October 2023 (Paid Version/Best Trades)

Updated: Oct 3, 2023



  • Month’s Theme: A pop and drop crossed with a fake out.


  • Behavior Around the High: A continuation of a rally from the previous month.


  • Behavior Around the Low: A rally out of the low along a diagonal trend line. We’ll break through resistance to meet a second resistance and then pull back to somewhere between those two price levels.


  • Exclusive Trade Opportunities for Subscribers:

    • An opportunity to open a short position in the midst of a sideways-fluctuating rally on the 2nd. I would cash out of that on the cusp of the 18th/19th.

    • An opportunity to open a short position on the 11th for a day trade. You could also exit on the 17th and more speculatively the 25th.

    • An opportunity to open a short position at a peak or crest on the 20th. I would close that at the end of the day or early in the morning if we gapped down over the weekend on the 23rd.



Overview


On the 2nd, there’s a rally that offers an opportunity to open a short position for a swing trade. On the 3rd, there’s a notable move to the downside into a prominent trough for the month. That trough will form when we hit an important support level. On the 4th, there’s a peak or crest at the beginning of the day where we’ll create support at a higher price level. There’s another peak on the cusp of the 4th/5th. We may see another high on the 5th. There’s a breakdown and a trough toward the end of the day on the 6th.


On the 9th, there’s an important range highlighted. On the cusp of the 9th/10th, there’s a notable move to the downside into a significant trough on the 10th. On the 11th, there’s a move higher through resistance, we’ll stay above it briefly and then break back down shortly thereafter. There’s a lot of price change on the 11th. There’s a fast, sudden move higher on the 12th. On the 13th, we’ll break down through multiple support levels.


That decline continues on the 16th through multiple resistance levels on the way down. There’s a trough early in the day and a lot of price change covered on the 17th as well as a fake out. There’s a move to the upside into a peak or crest toward the end of the day. On the 18th, there’s a prominent peak at the end of the day. The lowest low is likely on the cusp of the 18th/19th. We’ll rally out of that low into a resistance level on the 19th that we met many times before and failed to break through. On the 20th, that rally ends at a peak or crest.


On the 23rd, there’s a fake out and a move to the upside early in the day. There’s price change to the downside later in the day. On the 24th, there’s a peak early in the day near overbought territory. On the 25th, we’ll have price swings. There’s a gap up overnight and a sharp drop throughout the day on the 26th. We’ll likely have the lowest low at the end of the day. We’ll move sideways into the 27th where there’s a key resistance highlighted.


On the 30th, we’ll have an overbought peak or crest that we’ll sell off from into a prominent trough on the 31st. We’ll then continue declining through multiple support levels.



Sneak Preview


November is pretty mixed overall.







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Hello !

Is it possible to have the written part with the trade proposals for October? I have taken out a monthly subscription. Thank you and have a nice day 🙂

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Thanks you 🙏

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