Perhaps GSAT will continue increasing through Q3 2024 . Globalstar is a disaster relief communication company that uses mobile satellite services. Perhaps this emergency and non-emergency satellite communication company may be of great value during times of: shortages; war; and disaster. By 2024-07 , perhaps a target price of $2.90 with possible peaks...
Gsat is currently building up support at $1.60. In my opinion, it could experience a significant rally and gap-up, similar to when the price was at $1.03. Symmetrical wedge pattern on the daily chart, low RSI. Could be a big run up on ER.
GSAT short position.
Confirmation on GSAT.
Market above Lin Reg and MACD.
Confirmation on H1 to take short position with 2 TP's.
Tp1 at $1.16 and 2nd at $1.03.
SL at $1.48.
Warning!!!!
This content should not be interpreted as financial advice.
Here is an example of macro-analysis on GSAT. Here we use weekly with renko, volume based opacity candles (less color, less or bearish volume, soldi is bullish or high volume) and trend-based colors we attempt to significantly reduce the noise associated with meme stocks as well as identify the beginning, middle, end a trend in either direction. For support and...
I like the recent MACD cross and close on the .61 fib level. Also the most recent candle although red is a bullish hammer that closed outside of the wedge.
Targeting: 1.50 , 1.82, 2.03
The asset has now arrived at a great load-zone and has the potential for a massive swing. the recent volume also indicates great momentum for the bulls to swing to the following targets.
DISCLAIMER:
I am not a financial or investment advisor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed, or implied herein, are for entertainment purposes only and should not be construed as personal investment advice. If you decide to invest, please make your own...
GSAT ER coming up on 11/5 Pre-market, hope they gonna release some good news, we still haven't known the mystery player involved in giving GSAT $90m dollars yet.
GSAT ( Globalstar ) may form a bearish flag pattern where price might stalled at around 6.34 which are 1) Supply Zone 2) Upper Line of bearish flag pattern ..
