Don’t waste your time – keep track of how NFP affects the US dollar!

Data Collection Notice

We maintain a record of your data to run this website. By clicking the button, you agree to our Privacy Policy.

facebook logo with graphic

Join Us on Facebook

Stay on top of company updates, trading news, and so much more!

Thanks, I already follow your page!
forex book graphic

Beginner Forex Book

Your ultimate guide through the world of trading.

Get Forex Book

Check Your Inbox!

In our email, you will find the Forex 101 book. Just tap the button to get it!

FBS Mobile Personal Area

market's logo FREE - On the App Store

Get

Risk warning: ᏟᖴᎠs are complex instruments and come with a high risk of losing money rapidly due to leverage.

76.5% of retail investor accounts lose money when trading ᏟᖴᎠs with this provider.

You should consider whether you understand how ᏟᖴᎠs work and whether you can afford to take the high risk of losing your money.

Virgin Galactic Offers Long Trade Opportunity

Virgin Galactic Offers Long Trade Opportunity

Information is not investment advice

Is it time to buy?

Virgin Galactic's stock price dropped by 50% after its first fully crewed flight carrying its founder, Richard Branson.

There are a couple of factors driving the decline including the company’s move to sell about $500 million in the stock a day after the test flight, and rival Blue Origin’s successful crewed rocket ship launch in mid-July. Moreover, investors are likely looking beyond Virgin’s test flights to its commercial flying timeline, which is likely at least one year away. We think that the recent drop might be a good buy opportunity for several reasons.

The successful flight proved the beginning of a new space era. The community has become more confident that Virgin Galactic is not a start-up anymore. Moreover, the company raised the flight price from $250.000 to $450.000 which proves their confidence in future demand.

The space flight sector is still in its early stages. Also, the main competitors Blue Origin and Space X develop deep space flights and leave Virgin Galactic the only company in the space tourism sector.

Technical analyses

4H chart

SPCEH4.png

Virgin Galactic stock price has formed a bullish “falling wedge” pattern with a small RSI divergence. According to this situation, the main target is $28.6. If the price breaks this level we might see Virgin Galactic worth $33 shortly.

On the other hand, if the price doesn’t hold the $23.8 support level, the way to $21.6 will be open.

LOG IN

Similar

Popular

Bulls Are Coming Back

The US dollar index rose to 105.40 after the Fed’s 75-basis-point key rate hike, while the stock and the crypto markets fell. However, during the past few days, investors and traders returned to risk assets as they expect inflation growth to slow. Moreover, Jerome Powell, the head of the Federal Reserve, announced the Fed might start cutting the key rate by 2024, which is the most evident hint of an upcoming market reversal.

What to trade on June 20-24?

Last week was shocking!  The US dollar gained more than 2% against other currencies ahead of the 75-basis points rate hike by the Federal Reserve on Wednesday but dropped after the announcement…

Choose your payment system

Be on top of your game

Callback

Please fill in the form below so we can contact you

Select the best time for us to call you. We give calls from Monday to Friday in suggested intervals. In case we couldn't get through, we will try again at the same time the next day. For getting real-time assistance, use FBS chat.

We provide only English-speaking callbacks. If you prefer any other languages, contact the support team.

We will call you at the time interval that you chose

Change number

Your request is accepted.

We will call you at the time interval that you chose

Next callback request for this phone number will be available in 00:30:00

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later