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IRIDIUM COMMUNICAT

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6IC trade ideas

IRIDIUM COMMUNICATIONS PerspectiveHey my friends, IRIDIUM COMMUNICATIONS is in a fake bearish push with a large buy volume issued and a water carrying candle accompanied by a bearish leg. On the TIMEFRAME M1 we can see a kind of hammer candle upside down with a high volume of purchases made. She came to test the top of the bollinger and come back to the VWAP, which is also the base. With the momentum we can go to the top of the equilibrium zone to test it. Strong possibility of breaking the price at the same time the zone to reach another and land on the next high. With test of the top of the equilibrium zone to penetrate the top of the bullish channel, in order to test it accompanied by the symbolic number of 49.00. Please LIKE & FOLLOW, thank you!
NASDAQ:IRDMShort
by stephanelibatd
Consistent, Cyclical Winner & A Fun "Show Me" Story (PT: $12.80)Iridium has reported well the last couple of quarters. The biggest story and "show me" aspect of it is its Constellation Network rollout that will be completed this year. This month, 55/75 satellites will now have been launched and in orbit with help from SpaceX (an amazing partner with a healthy record). There's little reason to believe they won't meet their goals this year, as guidance has remained the same. This stability has allowed IRDM to step up slowly, but surely into different cyclical levels, where some modest gains can be made. Last year, when a 20/75 satellites were launched, IRDM was sitting between $10 and $11, only to shoot up into the $11 to $12 range as more satellites and guidance were maintained and stable. This trend has continued this year with an easy ceiling of $12.80 to hit. Anything around $11.25 was a good buy and has come up 5 times. No doubt it will continue after this most recent one. The stock has stayed above its 200 MA with little problems. Look for another opportunity in the near future, with a potential to sell again in June/July.
NASDAQ:IRDMLong
by N3utra
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