GSAT testing previous lows on 1.10 level it looks like a pretty strong resistance. GSAT is also oversold, expecting a bounce of 1.10 level to about 1.26
Globalstar Inc has had a complicated relationship with the FCC as of late over airwave use, more specifically, the use of satellite signals for mobile devices to access the internet. Certainly something to look into more and watch as the FCC concludes its voting on the matter. Since GSAT's large selloff, its price has recovered somewhat by ~ 28% over the past 11...
Some back & filling here creating a pennant and at the same time testing breakout area 3.09... in the end....further up
Safe trading ladies and gents!
@BLawrenceM
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