Starting to see the follow thru here with GSAT - looks like the buying and good news isn't done yet.
Not financial advice
GSAT made recent news with a major partnership with QCOMM. We all know the importance QCOMM is for the modems in Apple's phones and with most likely the launch of the 5G phone this looks primed for huge gains this year.
Bullish Flag Pros: Descending volume during formation Golden cross in blue PPS above 50MA and 200MA RS above 0, and ascending ATR Ascending R/R ratio above 6 200MA ascending 250RSI above 50 Target: PT = 4.09$
Not financial advice...Unfortunately, I don't have any significant amount of shares :(
Globalstar’s Band n53 in Qualcomm’s X65 Modem Qualcomm to Include Band N53 in New 5G Flagship Modem The X65 is Qualcomm's flagship 5G modem and adds global 5G band support for n53. The X65 also offers greater 5G deployment flexibility with increased spectrum aggregation options. finance.yahoo.com
Saw this basing around the .90 to .92 area and in a bull flag. Broke out today! I rarely dive into penny stocks but I like what they do.
AMEX:GSAT Second opportunity if you missed the previous one Possible Scenario: LONG Evidence: Price Action This is my idea and could be wrong 100% * It's a good buy opportunity right now, and it's ready to fly soon.
Potential wedge breakout with price target $1.70
GSAT = Globalstar (Nokia business partner (NYSE: NOK). a Nokia logo (NOK) wallpaper with a mobile phone with the Nokia logo on the screen in the foreground The agreement allows Nokia to create a Digital Automation Cloud (DAC) at the Port of Seattle, Terminal 5. This terminal is under the control of Tideworks Technology and is currently being refurbished to...
AMEX:GSAT Possible Scenario: LONG Evidence: Price Action, unusual option activity, 285K Volume, 98% Call, 7m$ for Feb and March *Swing trade, be patient and hold it for one month * 2$ is target price means 100% profit. This is my idea and could be wrong 100%
Bullish Pennant, confirmed Pros: Descending volume during formation Volume at breakout Golden cross in blue PPS above 50MA and 200MA RS above 0, and ascending ATR Ascending R/R ratio above 16 200MA ascending 250RSI below 50 If confirmed: PT = 1.77$