UnknownUnicorn1043646

SMALLCAP - SPACE/5G - FUNDAMENTAL/TECHNICAL - GSAT

Long
AMEX:GSAT   Globalstar, Inc.
FA:
- Very bullish on space/5G sector, believe it is one of the next big macro trends, also long on GILT, NOK, and others... more analyses to come on this sector.
- Collaborations with Nokia and QCOM... The hype isn't in this sector yet, but ARK is marking ARKX and IZRL for a reason... get in before the FOMO, the sector will see a boom cycle soon.
- High Shares Float is risk.
- Blackrock, Goldman, and RenTec especially have positions and are increasing their ownership substantially.

TA:
- I see wave 3 of impulse wave, good to catch the wave 5... extension is likely as this trend catches on.

QA:
- Bullish options flow.
- Citadel has some options on this, dont be greedy with this high float.

TP1: 4.57
SL: 1.12
RRR: 2.99

PS: Trying to bring you more premium content with my consistent trading strategy and thought process.
Trade closed: stop reached:
bearish wave played out
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.