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.
- EVENT: PRIORITY LIST OPENS UP IN EARLY 2022: The company says those on the "priority list" will receive exclusive access to a limited number of spaceflight reservations. The total cost of the flight is still $450,000. Customers, or "pioneers" as SPCE calls them, will have a 90-minute ride or so to 50 kilometers above sea level in a SpaceShipTwo spaceplane with a few minutes of zero-gravity experience during descent. Virgin Galactic sends an e-mail to prospective customers indicating that they can secure their place in line for a flight with a fully refundable deposit of $10,000. Virgin Galactic has set their ticket prices at $450,000 per flight and expects to start flying paying customers into space in Q4 of 2022. The company said that 100 people purchased more expensive tickets to fly on the company’s suborbital spaceplane after it reopened ticket sales this August. That means that the company has roughly 700 ticket holders.
- EVENT: VIRGIN GALACTIC TO START COMMERCIAL FLIGHTS IN Q4 OF 2022. The event is expected to be preceded by several test flights, which could be scheduled as early as Q1 of 2022. Virgin Galactic was approved by the FAA (US Federal Aviation Administration) to operate as a commercial space transportation operator.
- STRONG SUPPORT AREA BELOW THE MARK OF $14.00: Virgin Galactic has experienced two major waves to the upside after testing the mark of $14.00 since June 2020. The first time, the stock rose to an all-time high of $62.80 (February 2021), while the second time the stock rose to $57.28 (June 2025).
- VIRGIN GALACTIC STOCK PRICE ACTION: Virgin Galactic stock made its all-time high of $62.80 as recently as February 4, 2021. The stock currently trades around 78% below that level. If a full recovery follows, the stock could increase around 387%.
- ANALYST CONSENSUS (BLOOMBERG): Average prices target by Bloomberg Analysts is set at $26.70 a share.
Virgin Galactic, (#VIRGING), December 3, 2021
Current Price: 14.00
|
Virgin Galactic |
Weekly |
|
Trend direction |
|
|
30.00 |
|
|
25.00 |
|
|
19.00 |
|
|
10.00 |
|
|
9.00 |
|
|
7.00 |
Example of calculation base on weekly trend direction for 1.00 Lot*
|
Virgin Galactic |
||||||
|
Pivot Points |
||||||
|
Profit or loss in $ |
160,000.00 |
110,000.00 |
50,000.00 |
-40,000.00 |
-50,000.00 |
-70,000.00 |
|
Profit or loss in €** |
141,739.68 |
97,446.03 |
44,293.65 |
-35,434.92 |
-44,293.65 |
-62,011.11 |
|
Profit or loss in £** |
120,596.35 |
82,909.99 |
37,686.36 |
-30,149.09 |
-37,686.36 |
-52,760.90 |
|
Profit or loss in C$** |
205,267.20 |
141,121.20 |
64,146.00 |
-51,316.80 |
-64,146.00 |
-89,804.40 |
* 1.00 lot is equivalent of 10000 units
** Calculations for exchange rate used as of 10:45 (GMT) 03/12/2021
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