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 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 intends to fill the gap before a bounce back. It needs to hold trend line or bounce on the SMA 200. I consider adding some leap calls or shares around $1.45.
GSAT touches the trend line on daily chart, you can take risk to entry around $1.45 and wait for a bounce right here. Moreover, it has a gap down at $1.32, and it could fill the gap around there. Anyway, Gsat is a good stock for long term,.
