In this video, the discussion is about the #GSAT, Price Action analysis, resistance, and support, risk to reward ratio.
Note: The discussion on the video is not financial advice and is purely for training and educational purpose.
BOOM TARGET HIT $GSAT @ 1.76 for 44.63% Profit in 19 days
YAASSSS... I'm outta here for now. Good game, as always, GSAT. I seriously love swinging this 🥳
$GSAT Target 1.75 for 44.63%
Or double position at .67
I'm actually a longtime fan of GSAT. It's always made some great moves. Sometimes you have to be patient with it.
—
On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
I start every position with 1% of my...
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...
Not an Advisor.
GSAT has been run down to its limits here, I believe.... We are seeing a reversal candle. Awaiting confirmation on the next daily candle. GSAT just finished its earnings last week, nothing out of the ordinary as far as expectations. This company is on track to really start increasing revenue. I believe with that being said we will start to see...
Not an Advisor.
Earlier last week we saw volume come in hot. Then it started to die off quite a bit. My thoughts here are that we attempt to hit that $1.57 mark and break it. Volume needs to return. It's possible we see a nice run up before earnings then dump off. The 9 MA hasn't death crossed the 21 MA yet signaling bullish yet. MACD is hooking to go bearish but...
Not an Advisor.
GSAT shown some strength this week, Candle isn't closed just yet. However I believe we can chalk this one up. Should be gaining more strength next week and so on. Can't be mad with the results of this week whatsoever, we jumped big and early. Just looking for a bit slower growth here so we don't overheat the indicators.
I'll do a further...
The April options did not pay, in fact, someone lost a lot of money.
However, they put the bet on repeat for May and lowered the strike target to $1.5
Each option has premium of $0.32 which means to be in the money, the stock must at least be at $1.82 and because its thinly traded, I assume the target remains $2.00 for their profit.
My target is $2.00 for...
It first broke 1.39 support (previous resistance) and bounced off of 1.17 support. Overall it is in a short term downtrend. so if it gets resistance around 1.39 and breaks 1.17 level, it will continue going down further.
I will be putting an expendable amount of my portfolio into this name to accumulate shares at these prices as it's reached the PCZ of a Bullish Gartley and seems to have been very beaten down and is now dirt cheap and extremely oversold on the RSI.
