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GSAT trade ideas

Break out to all time highs Gsat has been more boring to watch than watching paint dry these last few weeks. With such a choppy market its no surprise this stock has taken a beating. However, we are in a downward channel approaching a potential break out in the next few days. GSAT 50 day moving average is still much higher than the 200 day moving average which is a bullish sign. Although we are trading at about the 100 day moving average I believe there are some big moves to be made with this company. We are beginning to see a shift in the mac d as well from bearish to a turning point which could give us enough momentum to break out of this wedge . The last few days GSAT has held Fib retracement of about $1.70 very well. RSI on the daily is 51 so we are still bullish but signals to us we are in the make or break zone. GSAT will either run to reach new ATH or perhaps dive back to Fib retracement of $1. 40 . This is a great company with a lot of big money moving in and huge interest in call options. Me personally am holding 2.5 April 16th call option for an average price of 0.20. Perhaps it could be good to start with a small position and scale up if we break out bullish or exit if we break out bearish .
AMEX:GSATLong
by dkass2015
1
Potential Breakout, come back to test all time highs Gsat has been more boring to watch than watching paint dry these last few weeks. With such a choppy market its no surprise this stock has taken a beating. However, we are in a downward channel approaching a potential break out in the next few days. GSAT 50 day moving average is still much higher than the 200 day moving average which is a bullish sign. Although we are trading at about the 100 day moving average I believe there are some big moves to be made with this company. We are beginning to see a shift in the mac d as well from bearish to a turning point which could give us enough momentum to break out of this wedge. The last few days GSAT has held Fib retracement of about $1.70 very well. RSI on the daily is 51 so we are still bullish but signals to us we are in the make or break zone. GSAT will either run to reach new ATH or perhaps dive back to Fib retracement of $1.40. This is a great company with a lot of big money moving in and huge interest in call options. Me personally am holding 2.5 April 16th call option for an average price of 0.20. Perhaps it could be good to start with a small position and scale up if we break out bullish or exit if we break out bearish.
AMEX:GSATLong
by dkass2015
1