Virtu Financial, Inc.
Panjang

$VIRT potential break higher in March

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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.

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