ONLINE FOREX BROKER
2022-12-15 • Updated
On September 29, Virgin Galactic announced the Federal Aviation Administration approved launches resume. The FAA investigated the reasons why the spaceship veered off course while descending during a July flight with founder Richard Branson aboard. FAA approved corrective actions proposed by Virgin Galactic.
Virgin Galactic said it would incorporate additional steps in its flight procedures to ensure real-time mission notifications to FAA air traffic control.
On October 14, Virgin Galactic announced that it would begin its planned enhancement program for VMS Eve and VSS Unity and would conduct the Unity 23 test flight after this work is complete.
The enhancement program is designed to improve vehicle performance and flight-rate capability for VMS Eve and VSS Unity.
Virgin Galactic stocks have always been highly volatile. For the past several months investors have been paying attention to the company’s workflow. The volatility fell extremely low and usually at these moments big players start gaining their positions.
According to Webull.com, some big players are buying Virgin Galactic’s stocks while the price is going down. Insiders might know some information that is not available for a regular user. That’s why it is important to use technical analysis to find such moments and buy stocks before the news gets announced.
Weekly chart
If we look at the weekly chart, we can notice that there is a strong support trend line, which has been holding the price since November 2019. The price might break through this line, but it should not close a weekly candle below it. If it does, the bearish sentiment will be confirmed and the price might drop as low as $9.5.
Right now the buy zone is between $15.5 and $17.3. If the price reaches these levels buyers will get activated and huge volatility is expected that’s why the best option is to set your orders beforehand.
Targets for an upcoming movement are $21.5, $24.5, $33.
In a call scheduled for January 25, 00:30 am GMT+2, the Tesla Inc. team will publish the company's earnings for the final quarter of 2022 and comment on the results, projections, and outlook for the nearest future of the company.
The Netflix stock (NFLX), with a market cap of $145.17B and a whooping 10 000+% rise since its inception 16 years ago, experienced some turbulence for a short period last year while trading around the $250 share price. However, the NFLX stock quickly recovered and rose to over $300 towards the end of the previous quarter of 2022.
The Q4 earnings season has been interesting, mainly because of the turbulent global economic outlook. On this premise, analysts forecast a disappointing performance for several stocks ahead of the Q4 earnings report publishing.
Last year was tough for the Japanese yen. USDJPY gained more than 30% over 2022, striking above 150 in October. While anticipation of slower Fed rate hikes pulled the pair below the 130 level at the start of 2023, the speculations over the destiny of BOJ’s yield control policy grabbed the attention of the Japanese assets in the middle of January. What lies ahead for traders of the Japanese yen?
Today, at 5:00 pm (GMT +2), the Bank of Canada will publish the Overnight Rate, which represents short-term interest rates, and is pivotal to the overall pricing of the Canadian Dollar in the global markets. Let's look at how the markets are faring ahead of the BoC rates release.
In a call scheduled for January 25, 00:30 am GMT+2, Microsoft will publish the company's earnings for the final quarter of 2022 and comment on the results, projections, and outlook for the nearest future of the company.
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