Virgin Galactic weekly uptrend opportunity based On 1.00 Lot Calculation:
- Virgin Galactic develops space vehicles. The company is expected to perform its first commercial flight into space by early 2022. Virgin Galactic is founded by British Billionaire Sir Richard Branson.
- EVENT: VIRGIN GALACTIC CONDUCTED A SUCCESSFUL TEST FLIGHT ON SATURDAY (MAY 22): Virgin Galactic space plane has conducted the first of three key test flights that should enable it to enter commercial service. The Unity vehicle powered to a height of 89km, and then returned back down to Earth. Unity was carried to 13km in altitude by its "mother" aircraft, Eve, before being released to ignite its rocket motor. The vehicle then climbed rapidly to the edge of space, achieving a speed three times that of sound (Mach 3) along the way.
Some 600 people have booked flights on Virgin Galactic, the company founded by British billionaire Richard Branson, and thousands more are on a waiting list. The tickets cost $250,000 for a 90-minute flight into space. The prospect is worth at least 15 million dollars. Deposits paid: 80 million dollars. - EVENT: TIMELINE (TWO MORE TESTS TO BE CONDUCTED): FIRST (EXPECTED: JUNE- JULY): The next flight should see four of Sir Richard's Virgin Galactic employees join the pilots - to get a sense of the experience that future ticketed customers will enjoy. The identity of this quartet has yet to be revealed, even within the company itself. SECOND (EXPECTED: JULY- AUGUST): The flight after that would see Sir Richard Branson himself go to the edge of space.
- LICENSING AND FIRST COMMERCIAL FLIGHTS: The licensing process is the responsibility of the US Federal Aviation Administration (FAA), who will now receive operational and performance data from Saturday's test. Virgin Galactic is expected to start commercial flights by early 2022.
- COMPANY PLAN: The company plans to revenue figures of 1 billion dollars per year from each Spaceport, conducting 400 flights per year.
- RECENT STOCK PRICE REACTION TO VIRGIN GALACTIC TEST FLIGHTS: DECEMBER 13, 2020 (FAILURE): Stocks fell 18%. MAY 22, 2021 (SUCCESSFUL): Stocks rise 26%.
- STOCK PRICE ACTION: Virgin Galactic trades around 60% off of its all-time high of $62.33 as recently as February 4, 2021. The stock has historically maintained support level around $15 a share.
Virgin Galactic, May 24, 2021
Current Price: 25.00
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Virgin Galactic |
Weekly |
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Trend direction |
|
|
50.00 |
|
|
45.00 |
|
|
36.00 |
|
|
15.00 |
|
|
13.00 |
|
|
10.00 |
Example of calculation base on weekly trend direction for 1.00 Lot*
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Virgin Galactic |
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Pivot Points |
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Profit or loss in $ |
250,000.00 |
200,000.00 |
110,000.00 |
-100,000.00 |
-120,000.00 |
-150,000.00 |
|
Profit or loss in €** |
204,951.63 |
163,961.31 |
90,178.72 |
-81,980.65 |
-98,376.78 |
-122,970.98 |
|
Profit or loss in £** |
176,981.13 |
141,584.90 |
77,871.70 |
-70,792.45 |
-84,950.94 |
-106,188.68 |
|
Profit or loss in C$** |
301,782.50 |
241,426.00 |
132,784.30 |
-120,713.00 |
-144,855.60 |
-181,069.50 |
* 1.00 lot is equivalent of 10000 units
** Calculations for exchange rate used as of 10:30 a.m. (GMT+1) 24/05/2021
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*** You may wish to consider closing your position in profit, even if it is lower than suggested one
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