IRDM bullishReversal zone and fib line play. MACD selling pressure decreasing; will flip green based on 4H and 1H charts
0JDO trade ideas
We could see iridium up 50% in the next monthIridium is after the drawdown in a good buying area for the next move up, which could be another 50% in the next month.
Still bullish.
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.
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$IRDM Continues to Posture Itself as a Leadership PlayIRDM is one stock you may not have noticed. But this could be a good indication of the Sat Comm space looking ahead. Uptrend in place. Running above an upward-sloping MA. Nearing multi-year highs. Steady as she goes.
IRDM Long 28 TargetIn this market i will be using scanners on trading view and scanners that I pay for moving forward. I will be doing this for the next 60 days to see the difference in my portfolio. This is only my 3rd chart if you don't like it please move on.
Iridium Communications (IRDM)The Space Economy 2.0 will be a driver for these communications systems, we forecast that the combination of declining space launch costs and advances in satellite technology will raise the value of the space economy from $340 billion currently to $1 trillion over the next two decades.
Safe to get back inTrend Shift Indicator did really well on both:
1. seeing the tops in the past 3 months
2. showing improving trading action while still in a price decline.
Volume etc looks great. Time to get back in
Approaching Sell PointBoth Trend Shift Indicator and accompanying HA strategy are showing a pattern usually shown right before a reversal.
In particular concavity of TSI as measured by HA strategy is typical of a bearish setup
Iridium - Eve & Adam pattern - Breakout!
Adam & Eve have high probability to breakout upwards.
- Short stop - <22.4 (5%)
- Poosible gain >31 (30%)
Early Warning SignalTrend Shift Indicator signaling danger levels.
Typically drop on 1M view is in 1-3 days
~3pt correction expected
IRDMLoose consolidation between $26 and $27.4. I have a starter position however I get the feeling this may need a shakeout under $26 before it can run.
IRDM ready to retrace from new highsTechnically with RSI over 70 and a nice breakout above previous highs NASDAQ:IRDM is ready for a little cool down. Looking at the previous tops I would expect it to go back between ~$19 and ~$21. IRDM had some positive news about providing the FAA with data in regards to the 737 Max which I believe helped it reach these new highs.
IRDM: Long opportunityAn intraday high potential, Back Tested Long Analysis.
We ll try to enter into the correction of the uptrend movement.
DETAILS ON THE CHART
NOTE: Entry range area above the entry point, is calculated upon 80% of the recorded pullback back tested past performances
DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money on.
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.
IRDM LongFundamental:
- Iridium launched multiple satellite successfully with SpaceX for its Iridium NEXT constellation. The launch cost is relatively low.
- Recurring revenue with positive profit compared to its competitor ORBSCOMM which is losing money every quarter
- Trump is privatizing Air Traffic Control which is a major business for one of the iridium's subdivision. also benefits the business
- high barrier of entry for this industry. you can buy the company for 1 bil. that's cheap
Technical:
- buyers getting more aggressive and keep moving up to buy more, as indicated with higher high.
- the stock is in a multi year channel with strong resistance up ahead. I think it will break out soon given how buyers are getting very aggressive and the top resistance has been tested many many times. Once it breaks out, we could see this thing go up by a lot.
- short interest is ridiculously high, ripe for short squeeze
