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: (JUNE 25) (VIRGIN GALACTIC GETS THE APPROVAL TO FLY TO SPACE): Virgin Galactic reported that the Federal Aviation Administration (FAA) updated its commercial space transportation operator license to allow the company to fly customers to space. VIRGIN GALACTIC: “Our recent spaceflight performed well against all flight objectives and marks the first time the FAA has licensed a spaceline to fly customers. Next up in our test program – a fully crewed spaceflight this Summer”.
- 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.
- TIMELINE (WHAT IS NEXT):
June 25 - July: Test Flight Schedules Expected to Be Announced at One Point
July 20 (Competition): Jeff Bezos flies to Space with his Blue Origin. It validates the product.
July - August: Two Test Flights. Founder Richard Branson should be on board the second flight.
End of August - Beginning of September: A test flight with the Italian Air Force.
Autumn 2021 (September - November): Ticket Price List / What is going to be the Initial Ticket Price?
Early 2022: Commercial flights to begin - STOCK PRICE ACTION: Virgin Galactic trades around 28% off of its all-time high of $62.33 as recently as February 4, 2021. This brings around 35.5% of upside potential from current price ($46).
Virgin Galactic, June 25, 2021
Current Price: 46.00
Virgin Galactic |
Weekly |
Trend direction |
|
62.00 |
|
59.00 |
|
55.00 |
|
38.00 |
|
36.00 |
|
33.00 |
Example of calculation base on weekly trend direction for 1.00 Lot*
Virgin Galactic |
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Pivot Points |
||||||
Profit or loss in $ |
160,000.00 |
130,000.00 |
90,000.00 |
-80,000.00 |
-100,000.00 |
-130,000.00 |
Profit or loss in €** |
133,947.26 |
108,832.15 |
75,345.33 |
-66,973.63 |
-83,717.04 |
-108,832.15 |
Profit or loss in £** |
115,107.91 |
93,525.18 |
64,748.20 |
-57,553.96 |
-71,942.45 |
-93,525.18 |
Profit or loss in C$** |
196,824.00 |
159,919.50 |
110,713.50 |
-98,412.00 |
-123,015.00 |
-159,919.50 |
* 1.00 lot is equivalent of 10000 units
** Calculations for exchange rate used as of 13:00 (GMT+1) 25/06/2021
Fortrade recommends the use of Stop-Loss and Take-Profit, please speak to your Client Manager regarding their use.
*** You may wish to consider closing your position in profit, even if it is lower than suggested one
**** Trailing stop technique can protect the profit – Ask your Client Manager for more details