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Markets_Wizard
Dec 3, 2020 2:42 PM

SPCE - BULLISH TRIANGLE . LONG Long

Virgin Galactic Holdings, Inc.NYSE

Description

CLEAR BULLISH TRIANGLE. FIRST BACKTEST, THEN TARGET 50$
Comments
R5turbo2
Nice chart. It ended up to be a great week again. Upcoming week will be volatile. Can’t wait! Started to buy April calls today. I have to learn to stay away from short term options. It’s a hit and miss most of the time it’s miss. If you are planning to buy options try to buying them at least 30 days out. I normally buy options in the money.
$50 is a big possibility. Because of the amount of short sellers, if we can move above $30-$35 they will be squeezed and forced to buy or abandon their position which will push the stock higher.
MymermidonX
Hi thanks for posting could you explain how you arrived at your price target of 50 ?
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