Virgin Galactic weekly uptrend opportunity based On 1.00 Lot Calculation:
- Virgin Galactic develops space vehicles. The company designs exploration technology such as missiles, rockets, and other related equipment. Virgin Galactic Holdings serves customers in the United States.
- Virgin Galactic was approved by the FAA to operate as a commercial space transportation operator.
- Virgin Galactic has set their ticket prices at $450,000 per flight and expects to start flying paying customers into space in 2022.
- EVENT: Virgin Galactic is scheduled to fly another test flight in late September or early October with members of the Italian Air Force on board. They will conduct one more test flight after that one prior to full commercial operations.
- JEFFERIES INVESTMENT BANKING: The company expressed their optimism over space tourism. On Virgin Galactic, the company said there will be over 660 space flights annual by 2030 (around 250,000 travelers) as spaceship production increases. The company expects Virgin to have four spaceships by 2025. Jefferies has a buy rating on Virgin Galactic, with a Price Target of $33 a share.
- VIRGIN GALACTIC STOCK PRICE ACTION: Virgin Galactic stock made its all-time high of $62.33 as recently as February 4, 2021. The stock currently trades around 60% below that level. If a full recovery follows, the stock could increase around 160%.
Virgin Galactic, (#VIRGING), September 7, 2021
Current Price: 23.40
|
Virgin Galactic |
Weekly |
|
Trend direction |
|
|
33.00 |
|
|
31.00 |
|
|
28.00 |
|
|
19.00 |
|
|
18.00 |
|
|
17.00 |
Example of calculation base on weekly trend direction for 1.00 Lot*
|
Virgin Galactic |
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|
Pivot Points |
||||||
|
Profit or loss in $ |
96,000.00 |
76,000.00 |
46,000.00 |
-44,000.00 |
-54,000.00 |
-64,000.00 |
|
Profit or loss in €** |
80,889.79 |
64,037.75 |
38,759.69 |
-37,074.49 |
-45,500.51 |
-53,926.53 |
|
Profit or loss in £** |
69,493.21 |
55,015.45 |
33,298.83 |
-31,851.05 |
-39,089.93 |
-46,328.80 |
|
Profit or loss in C$** |
120,637.44 |
95,504.64 |
57,805.44 |
-55,292.16 |
-67,858.56 |
-80,424.96 |
* 1.00 lot is equivalent of 10000 units
** Calculations for exchange rate used as of 09:44 (GMT+1) 07/09/2021
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