Virgin Galatic: Long Trade Interest
Updated
Greetings Everyone,
What is Virgin Galactic?
Virgin Galactic is a spaceflight company focused on making space tourism possible. Originally founded by Sir Richard Branson in 2004, it operates suborbital flights for private passengers and researchers. Its main spacecraft, VSS Unity, offers trips to the edge of space.
Who is the CEO?
The CEO is Michael Colglazier, who took over in 2020 after a career at Disney. He brings experience in creating memorable customer experiences to the company.
Purpose
Virgin Galactic was founded with a mission to make space travel accessible and drive aerospace innovation.
VG Earnings
The company started commercial flights in 2023 but is not yet profitable. In Q3 2024, it reported:
• Revenue: $1.4 million
• Net Loss: $117 million
Virgin Galactic is focusing on increasing flight frequency and customer bookings.
Technicals: What am I Seeing?
Accumulation Base
A sideways or slightly upward price movement, where big investors are buying shares without driving prices higher. It often happens after a drop and before a breakout.
Volume Spikes
A sudden increase in trading volume, signaling major interest:
Bullish spikes: Confirm upward breakouts.
Bearish spikes: Indicate panic selling or reversals.
Shallow Retracement
A small pullback in price during an uptrend, showing strong momentum.
Weak fundamentals :/.
Might open a starter option position fingers cross.
Best,
C Lemard
What is Virgin Galactic?
Virgin Galactic is a spaceflight company focused on making space tourism possible. Originally founded by Sir Richard Branson in 2004, it operates suborbital flights for private passengers and researchers. Its main spacecraft, VSS Unity, offers trips to the edge of space.
Who is the CEO?
The CEO is Michael Colglazier, who took over in 2020 after a career at Disney. He brings experience in creating memorable customer experiences to the company.
Purpose
Virgin Galactic was founded with a mission to make space travel accessible and drive aerospace innovation.
VG Earnings
The company started commercial flights in 2023 but is not yet profitable. In Q3 2024, it reported:
• Revenue: $1.4 million
• Net Loss: $117 million
Virgin Galactic is focusing on increasing flight frequency and customer bookings.
Technicals: What am I Seeing?
Accumulation Base
A sideways or slightly upward price movement, where big investors are buying shares without driving prices higher. It often happens after a drop and before a breakout.
Volume Spikes
A sudden increase in trading volume, signaling major interest:
Bullish spikes: Confirm upward breakouts.
Bearish spikes: Indicate panic selling or reversals.
Shallow Retracement
A small pullback in price during an uptrend, showing strong momentum.
Weak fundamentals :/.
Might open a starter option position fingers cross.
Best,
C Lemard
Order cancelled
SPCE is either about to take off or implode on itself.
Let’s see how this plays out.
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