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Virgin Galactic

Market Opportunities - 30/06/2021

30 June, 2021

The example below uses Contracts For Difference (CFDs). Calculations are only on the price of the specific instrument on the date below and calculations indicate a possible opportunity for profit or loss. No representation or warranty is given as to the accuracy or completeness of this information, consequently any person acting on it does so entirely at their own risk.

Virgin Galactic (#VIRGING) 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 (MAY 22): VIRGIN GALACTIC CONDUCTED A SUCCESSFUL TEST FLIGHT: 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):

    July: Next Test Flight Schedules Expected to Be Announced at One Point

    July 20 (Space Race: Who Will Fly to Space First: Jeff Bezos or Richard Branson?): Jeff Bezos flies to Space with his Blue Origin on July 20. It validates the product.

    July-August: Two Test Flights. Founder Richard Branson should be on board one of those flights. Earlier rumors pointed to the possibility that Mr. Branson could be sent to space over the July 4 weekend.

    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 29% below its all-time high of $62.33 as recently as February 4, 2021. This brings around 41% of upside potential from current price ($44).

Virgin Galactic (#VIRGING), June 30, 2021
Current Price: 44.00

Virgin Galactic

Weekly

Trend direction

UP

Resistance 3

62.33

Resistance 2

56.00

Resistance 1

51.00

Support 1

37.50

Support 2

35.00

Support 3

33.50

Example of calculation base on weekly trend direction for 1.00 Lot*

Virgin Galactic

Pivot Points

Resistance 3

Resistance 2

Resistance 1

Support 1

Support 2

Support 3

Profit or loss in $

183,300.00

120,000.00

70,000.00

-65,000.00

-90,000.00

-105,000.00

Profit or loss in €**

154,216.34

100,959.96

58,893.31

-54,686.65

-75,719.97

-88,339.97

Profit or loss in £**

132,687.63

86,865.88

50,671.76

-47,052.35

-65,149.41

-76,007.64

Profit or loss in C$**

227,475.30

148,920.00

86,870.00

-80,665.00

-111,690.00

-130,305.00

* 1.00 lot is equivalent of 10000 units
** Calculations for exchange rate used as of 12:00 p.m. (GMT+1) 30/06/2021
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

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