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IRDM : POSITION TRADEIridium Communications: A Great Company At A Fair Price NASDAQ:IRDM - Iridium Communications has done really well in recent months between landing another large contract and increasing financial guidance. - This has sent shares roaring higher, but this has a downside to it as well. - The stock seems to be more or less fairly valued at this time, even though the firm remains excellent for long-term investors seeking stability. ...As revenue has risen, profitability has also increased. Net income of $4.6 million in the latest quarter was higher than the $3.8 million reported the same time one year earlier. Operating cash flow in the latest quarter came in at $99.8 million. That's 32.7% above the $75.2 million generated just one year earlier. Meanwhile, EBITDA for the company expanded from $94.8 million in the second quarter of 2021 to $105.9 million the same time this year. Naturally, this strong bottom line performance has had a positive impact on the company's results for the first half of the year as a whole. Due to how things are turning out so far this year, the management team at Iridium Communications decided recently to increase their guidance for the current fiscal year. Read more on: seekingalpha.com Daniel Jones, Seeking Alpha, Aug. 02, 2022 11:15 PM ET
NASDAQ:IRDMLong
by TradingMavericks
another snack for my bear bias, with grains of saltspiral (bottom of correction back to top it started from) called top of ftx dump too (along with other things that called ftx dump tho). chart scaled vanilla 100:1 noticing this 45 degree line (relative to correction angle aka trend i used to make the spirals...tilt your head then add 45 degrees) was pivotal before...is it the cliff? if it bounces here i keep seeing a wick to like 25.4-25.6. 24950 would be top without wick i think when this breaks all hell will break loose. i gotta lotta bear signs here, too many to count, but in the bull column we have the giant cypher first tp is 30k. so idk, maybe down then up there. or maybe all hell will continue to break loose upwards, who knows. in the immortal words of bitboy: "this market...is volatile" also who knows how long alts gonna alt while bitty goes full psychopath flirting with the top here be safe all (talking to myself here too)
INDEX:BTCUSD
by FinanciallyCodependently
4
Longterm ES ChartThis is a monthly chart that shows important relationships in terms of price and time. As we can see, through the 2008 crisis the market plunged almost 60% and saw around 350% increase thereafter, painting an all-time high in September 2018. Currently, the 10-year-cycle is seemingly done and another big selloff in the equity market appears to be zooming. The 25%, 33.33% and 50% areas from the all-time high are potential targets and reversal zones. Selling into strength seems reasonable here.
CME_MINI:ES1!Short
by Zoen_Trieste
7
USOIL Possible Bear Continuation Targets USOIL is being well supplied after pulling back to the grand 45 degree line coming down from the top. If 5000-5050 area fails, the bear case becomes more relevant. Assuming pre mortem conditions, the inventory report turning this around and supply being dried up by incoming new demand, it is reasonable to look for entry opportunities on the lower timeframes. It's better to get out after being proven wrong shortly after entry than hold the bag for who knows how long.
TVC:USOILShort
by Zoen_Trieste
Potential Breakout Trade on CLF2019 This chart is an attempt to show possible support and resistance lines that have been coiling the market lately. Bears did achieve a slightly lower low but were unable to follow through, an event that shows a change in market structure . If bulls can close higher timeframes above the 15 degrees resistance line, a stop buy setup approach seems reasonable. However, if bears manage to break the 15 degrees support line coming up from the current low, stop sell entries can be initiated. There are also the support/resistance entries, betting against the breakouts, which were the successful entries so far in this coiling market.
NYMEX:CLF2019
by Zoen_Trieste
ETHUSD DAY - ANN FAN PROPULSION STRATGYHow to Draw Gann an Angle In this section, I’m going to teach you how to draw Gann fan angles. Many traders are used to drawing the Gann fan angles the wrong way which is why you need to pay closer attention to this section. You first need to draw a perfect 45-degree angle and most sophisticated trading platforms should have incorporated such tools. On the Tradingview platform, you can locate the Trend Angle tool on the left-hand side panel. Next step is to select any major swing high or swing low on the chart from where you want to draw the Gann fan angles. Once you’ve chosen your swing low point simply utilize the trend Angle tool and draw a perfect 45 degree angle. Once you’re done, you need now to learn how to draw the Gann fan angles. On this step you need to use the Gann Fan indicator which again is located on the left hand side panel Now, all you have to do is to simply place the Gann fan indicator on the chart and make sure it overlays on top of the 45-degree line you previously have drawn. This is the correct way to draw the Gann fan angles and if you have been following all these steps all the other Gann fan angles should comply with the Gann rules. Step #1: Pick a significant High, Draw Gann Fan Angles and Wait For the 1/1 Line to Break to the Upside The best Gann fan trading strategy works the same on every time frame, but we recommend not going lower than the 1h chart as you want to be able to pick significant swing high points which can’t be seen on the lower time frames. Step #2: Wait for a Break Above 2/1 Gann angle Before Buying at the market This step is significantly important because a reversal of the previous trend is only confirmed once the 2/1 Gann angle is broken to the upside. You want to buy at the market as soon as we break above 1/1 line. STEPS 3 - 4 - 5 WILL BE SHOWN ON UPDATE CHART
BITFINEX:ETHUSDLong
by Tradingstrategyguides
1