Virgin Galactic Holdings, Inc.
Long
Updated

$SPCE Virgin Galactic - Cup & Handle 20%+ Upside

593
SPCE Virgin Galactic - Cup & Handle 20%+ Upside
For confirmation, wait for a close >$22.40 (likely today or Monday)

Target: $27.50 by early November

Additionally, we saw some bullish options activity today:
$2.1M of $23.00 strike (ATM) 10/23 calls traded (5x OI)
$800K of $23.50 strike (OTM) 10/23 calls traded (13x OI)
$700K of $24.00 strike (OTM) 10/23 calls traded (4x OI)
Note
Note: This is NOT investment advice.

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