GSAT
GSAT coiling up for another break outStarting to see the follow thru here with GSAT - looks like the buying and good news isn't done yet.
Looks Primed To Break Through 52wk high GSAT made recent news with a major partnership with QCOMM. We all know the importance QCOMM is for the modems in Apple's phones and with most likely the launch of the 5G phone this looks primed for huge gains this year.
Long | GSATAMEX:GSAT
Second opportunity if you missed the previous one
Possible Scenario: LONG
Evidence: Price Action
This is my idea and could be wrong 100%
* It's a good buy opportunity right now, and it's ready to fly soon.
Long | GSAT | Discount opportunityAMEX:GSAT
Possible Scenario: LONG
Evidence: Price Action, unusual option activity, 285K Volume, 98% Call, 7m$ for Feb and March
*Swing trade, be patient and hold it for one month
* 2$ is target price means 100% profit.
This is my idea and could be wrong 100%
30% Gain on $GSATI wish I would have remembered to post this before the move happened, but I forgot. So I will just show my entry and exit points and why I had them. I set my entry point based on the trend low of the previous uptrend. This is what caused me to catch an absolute perfect falling knife for entry. Price then steadily rose to try and test the trend high of the previous downtrend. The trend high level ended getting broken by a 12% move up. The move had high volume so I continued to hold. I ended up selling when the volume started decreasing.
$GSAT Long. Rounded bottom forming. 5G playBottom forming / consolidation on $GSAT - 5G play. Holding 10k shares since .44. I believe this could be headed 1.50 at minimum within a few months, first stop around 1.10. Needs a strong catalyst. Do your own due diligence.
Good luck!
GSAT ready to break outGSAT has formed a double bottom and the down trend line has been broken and is currently back testing the now support line.
Info is good, Q report showed =.01 cent profit / share as apposed to projection of -(.02 ) cent / share.
Massive short position could get squeezed soon.
Performance this week is 13% performance this month is 29%
my target is $2.50
Market maker has been supporting the rise.
Only one way to go for $GSAT !$GSAT is looking great guys! The set up is beautiful! Aroon indicates a reversal coming. Great recent news with the announcement of Sat-fi 2 finance.yahoo.com
Not to mention an anticipated earnings report. I'm bullish long on this. Follow that Fib to find your Entry and Exit points! Don't forget to Like and Share the wealth! SoWaVvY Trading
GSAT long positionGSAT has recently touched on it';s resistance at $2, stoc reveals oversold most recently, a green candle has formed indicating a reversal
Be weary of volume though, it isnt high enough to indicate a true reversal yet
OPENING: GSAT COVERED CALLOkay, okay, okay ... . It is likely that this company is a ginormous turd pile, but the implied volatility in it is high, so I'm pulling the trigger here on it as a small speculative trade.
Metrics:
Bought 100 Shares at 1.61
Sold Oct 21st 2 call
Whole Package: 1.37 db
Max Profit: $63
ROC: 46%
$GSAT getting "Stronger"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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