jacobjanco

Head and Shoulders SPCE Setup

Short
jacobjanco Updated   
NYSE:SPCE   Virgin Galactic Holdings, Inc.
Pretty clear and clean head and shoulders. I anticipate a correction to the 20s. This ridiculous speculative run has gone on far too long...
Trade active:
Right shoulder playing out a little slower than expected, but still trending in the right direction. Staying between that channel right now.
Trade closed: target reached:
All the way down to the low 20s as expected. Could run even lower. Unfolded over a bit of a slower time frame, but nevertheless, worked out.
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