$VIRT potential break higher in March
Virtu Financial is the second player after Citadel in the market-making industry. It smashed recent analysts' expectations and is very confident towards 2021. To remind you that the company makes most of the money during high volatility, which I expect to keep higher numbers throughout 2021, as there are a lot of market imbalances. More than that, 
VIRT took the biggest market share out of names like 
GME and AMC. It behaved oddly after the earnings announcement, as 
MS downgraded the company, citing the "lower volatility* will bring down revenues by 50%. I think MS is wrong. I expect some consolidation around 26.5-27 with a move higher towards 34-35$, which should happen in March. This may come with a correction in the stock markets, as it has beta -0.29, let`s see. A break below the rising support line would cancel the scenario.
DISCLAIMER: I own calls, my opinion is not a recommendation whatsoever, just my view.
VIRT took the biggest market share out of names like GME and AMC. It behaved oddly after the earnings announcement, as MS downgraded the company, citing the "lower volatility* will bring down revenues by 50%. I think MS is wrong. I expect some consolidation around 26.5-27 with a move higher towards 34-35$, which should happen in March. This may come with a correction in the stock markets, as it has beta -0.29, let`s see. A break below the rising support line would cancel the scenario.DISCLAIMER: I own calls, my opinion is not a recommendation whatsoever, just my view.
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