DavidJamesTrading

Virgin Galactic retrace

Short
NYSE:SPCE   Virgin Galactic Holdings, Inc
New to trading so any advice would be appreciated. Virgin has had a very bullish past couple of days and i think too many retail investors are trying to jump on the bandwagon in hope that it will see gains like we saw in February of this year, but the move was initiated on news about a completely different airline called Virgin Orbit. So once momentum has been worn out, which it looks like is already happening, I can see a retracement back to around at least the $17 level.