SPCE - Positive news from Susquehanna & Bank of America analysts with a target of $20-$35 a share sent SPCE sky rocketing +25% today 9/28. I’m sharing my Virgin Galactic Holdings, supports & resistances chart that I already had saved for a few months now. A word of advice, from experience with SPCE, if you’re long shares get a protective Put or set a double digit trailing stop loss %. And if you’re playing options, don’t go naked whether you’re bullish or bearish, hedge put & call contract ratios, expiration dates, strike prices, etc, to fit your forecast. This can be a very rewarding trade this week, but it doesn’t come without significant risk...
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.