GSAT trade ideas
GlobalstarChart pattern: Bull Flag
Entry: 1.54$
Stop: 1.5$
Target: 1.88$
Risk/Reward-Ratio: 4:1
Stopmanagement: Parabolic SAR hourly chart default settings
BOOM TARGET HIT $GSAT @ 1.76 for 44.63% Profit in 19 daysBOOM 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 🥳
NEW POSITION $GSAT Target 1.75 for 44.63% $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.
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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 account and build from there as needed and as possible.
I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
SMALLCAP - SPACE/5G - FUNDAMENTAL/TECHNICAL - GSATFA:
- 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 Float is risk.
- Blackrock, Goldman, and RenTec especially have positions and are increasing their ownership substantially.
TA:
- I see wave 3 of impulse wave, good to catch the wave 5... extension is likely as this trend catches on.
QA:
- Bullish options flow.
- Citadel has some options on this, dont be greedy with this high float.
TP1: 4.57
SL: 1.12
RRR: 2.99
PS: Trying to bring you more premium content with my consistent trading strategy and thought process.
GSAT ready to heat up?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 volume come back, and we can return eventually to that $3 high. Today watch that daily candle, if it confirms... well we just saw potentially the bottom area for this company. Emerging market, 5G is here. And it's going to be everywhere quickly. Good things to come to GSAT, patiently waiting with this one.
GSAT bull flag 4hr?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 I can totally picture that being a head fake. GSAT wants to get back up to the upward channel, we just need to see the next 4hr candle here to confirm. If we see that influx of volume bright and early we may just see this play out. I'll update more when I can.
I want to see this get up and retest $3 just looks like we may have some more time before, need more data to get to that point. Anyways looking forward to their earnings report for an update as well, they just eliminated a good amount of debt.
Longterm really bullish here. Important couple of days about to come about for earnings lets see how this pans out.
GSAT Weekly Reversal?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 breakdown if something significant happens later today or Friday. Otherwise, expect a chart again next week with a chart timeframe breakdown.
$GSAT - lots of optionsThe 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 triggering a sale for a portion of my shares and I will hold 20% of my position in case it goes higher.
My confidence on this trade is 7/10.
Price Analysis of GSAT(Late Post)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.
GSAT Green Inverted Hammer + Green DojiNot an Advisor.
If this Green Doji closes green on the daily, Signals Bullish movement going forward. Patiently waiting here.
GSAT (Globalstar, Inc.) 24 day price patternMeaningful prediction of GSAT price action. We have identified a 24 day price pattern worth sharing.
Bullish Gartley PCZ Reached; Time to Accumulate at Cheap PricesI 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.
GSAT awaiting reversalNot and ADVISOR.
Same pattern I posted a bit back. Hoping to see a reversal here soon. Extremely oversold here on RSI, awaiting a reversal candle and then golden cross on MACD
GSAT is making news with QCOM 's X65 -> 10 Gbs per second.... going to be insane. Big things to come here. Loaded up on GSAT really wanting to see a big push up here to retest $3
Long $GSAT at 1.00The area of demand is 1 dollar! I will add heavy as soon as it touches 1 dollar. It is very likely that it will bounce off nicely from 1 dollar area. Shorts will cover as well as the whales will come in!
I am posting my trades to test my skills. You do your own DD.
Weekly Bull Flag Pattern. Not an advisor. Showing the Daily Chart here for price action. Weekly Chart shows a massive bull flag. I suspect we breakout hard here then retrace, maybe to the 2.15-2.30's (big maybe) We will certainly retest $3 rather quick in my opinion. This chart is strikingly similar to MVIS. Weekly Bull flag created from the quick bear correction in the market. GSAT unloaded a lot of DEBT just recently, they have $6 million more that they will have paid off by the end of the year. Chart suggests something is to come, its April 6th today. I feel like we get a PR the 7th. Something is up here. I believe this company is undervalued, believe they could face some strong growth with more announcements. Patiently waiting here.
Near the end of descending triangle. up or down?Not financial advice, Check the previous post for updated comments.
Buy $GSAT- NRPicks 21 MarGlobalstar, Inc. offers mobile satellite services worldwide. The company offers two-way voice and data duplex products, including mobile voice and data satellite communications services and equipment for remote business continuity, recreational use, security, preparation and emergency response.
The company in its last earnings report filed losses less than expected of $0.0132 and quarterly revenue of 33.17M.
The most significant development for Globalstar in recent weeks was Qualcomm Technologies' announcement of its Snapdragon modem-RF system, with Qualcomm Technologies' 5G band support, the potential device ecosystem expands significantly to include a large number of industrial and consumer devices.
- Market Cap 2.6B
- Average Volume 26M
Technical:
- MACD Level (12, 26) 0.19
- Average RSI levels
- Bounce in MA50
- Support at $1.50
