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jacobjanco
Feb 25, 2020 4:06 PM

Head and Shoulders SPCE Setup Short

Virgin Galactic Holdings, Inc.NYSE

Description

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.
Comments
neclervi
priced in
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