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NYBKLYN
Apr 20, 2020 4:58 AM

Second pullback short Short

Virgin Galactic Holdings, Inc.NYSE

Description

Info in the charts.

lots of bagholders in this.

The amount of volume that needs to come in for this to break out would have to overwhelm resistance volume
Comments
ToInfinityAnd
amazing chart and explaination
most people did not see the bear flag forming and breaking today

stay frosty.
NYBKLYN
@ToInfinityAnd, thank you, best of luck
Eurocrem
I’m thinking tomorrow will be a decent drop.

Broke out of the short term pennant to the downside, now wanting to head towards the channel support.

What do you think?
NYBKLYN
@Eurocrem, puts expired today so you have to think there will be a rise. I expect decent drop next week.
Eurocrem
@fhenry0331, yeah that turned around real quick. Was up nice on my puts this am, hoped to see 15.51 once the am got going, but nope.

Best of luck!
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