Long

$OSAT accumulating for the next XABCD

About:

• A publicly-traded company headquartered in Miami, Florida, Orbsat provides solutions to fulfil the growing global demand for satellite-enabled voice, data, tracking and IoT connectivity services. There is huge demand and commercial potential for cost effective satellite systems providing voice solutions and high-speed internet across the globe, and Orbsat is already playing a leading role in delivering it to end users.
• Orbsat was included in Deloitte’s 2018 Technology Fast 500™, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and energy tech companies in North America, placing it amongst just 3% of companies recognized in the communications sector.

Technical Analysis:

Price Entry

$5.5 - 6.25 - Buy 100%

Price Exit

$9.65 Sell 30% THIS IS SAFE as most bought VPVR volume at this level)
$15 Sell 30%
$16.50 Sell 20%
$20 Sell 20%

Fib trend line support
Fib trend sight line,
FOMO kicks in when candle touch this line

1st XABCD =
03 June
10 June
25 June
07 Jul
08 Jul

2nd XACBD=
08 Jul
13 Jul
19 Jul
24 Jul invalidated if momentum squueze fails
08 Aug

Fundamentals:

• Investors are responding positively to Orbsat announcing that its Global Telesat Communications (GTC) unit has entered into an agreement with Alibaba.com. GTC is going to be a Gold- Supplier on Alibaba.com, the world’s largest Business-to-Business (B2B) e-commerce website.
• GTC happens to be the most trusted seller among all the gold suppliers on Alibaba.com, and it seems to be making some crucial moves lately. It seeks to expand its 24/7/365 e-commerce presence as much as possible, and it considers the unveiling of its latest global storefront to be a step in the right direction in achieving its objective.
• Orbsat is expecting to launch its new storefront during the third quarter with an extensive range of satellite IoT and connectivity products. And these will include Orbsat’s specialized satellite tracking products — some of which operate using the company’s many ground station-based network processors and can be used to track and monitor the location of cars, trucks, trailers, boats, containers, animals, and other remote assets.

• Orbsat’s full catalog of over 500 products and connectivity services should be available on Alibaba.com by the start of the first quarter of 2022.

Fundamental AnalysisHarmonic Patternssqueeze

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