Virgin Galactic Holdings, Inc.
Long
Updated

SPCE - moving higher - swing calls - low risk

457
Read chart notes. After a long move down price may be ready to move up again.
Looking for 30m candle close over 22.60 to create a higher high close.

Multiple stop losses can be set: below 22.30, below 22.10, and option percent down.

Note
Took a day trade with calls yesterday and bought swing calls again this morning. When stock opens higher don't chase it. I waited for price to pull back to 22.80 and then looked at the chart before buying calls. Now price action looks good for more upside.

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