4/14/25 - $irdm - Not a LT winner4/14/25 :: VROCKSTAR :: NASDAQ:IRDM
Not a LT winner
- looking across the space names today
- i think NASDAQ:ASTS remains the most interesting (and would benefit/ ironically from a space X IPO, mainly bc of multiple)
- but financial engineering, e.g. a dividend... solid CF generation is fine for a soda brand, but not for satellite comms.
- i could be wrong about this, but LSD growth and in a hyper competitive industry w/ many better co's w improved tech is just not a fight i want to fight.
- gl to the longs, but this one isn't for me
V
IRDM trade ideas
IRIDIUM Stock Chart Fibonacci Analysis 021824Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 30/61.80%
Chart time frame : C
A) 15 min(1W-3M)
B) 1 hr(3M-6M)
C) 4 hr(6M-1year)
D) 1 day(1-3years)
Stock progress : C
A) Keep rising over 61.80% resistance
B) 61.80% resistance
C) Hit the bottom
D) Hit the top
Stocks rise as they rise from support and fall from resistance. Our goal is to find a low support point and enter. It can be referred to as buying at the pullback point. The pullback point can be found with a Fibonacci extension of 61.80%. This is a step to find entry level. 1) Find a triangle (Fibonacci Speed Fan Line) that connects the high (resistance) and low (support) points of the stock in progress, where it is continuously expressed as a Slingshot, 2) and create a Fibonacci extension level for the first rising wave from the start point of slingshot pattern.
When the current price goes over 61.80% level , that can be a good entry point, especially if the SMA 100 and 200 curves are gathered together at 61.80%, it is a very good entry point.
As a great help, tradingview provide these Fibonacci speed fan lines and extension levels with ease. So if you use the Fibonacci fan line, the extension level, and the SMA 100/200 curve well, you can find an entry point for the stock market. At least you have to enter at this low point to avoid trading failure, and if you are skilled at entering this low point, with fibonacci6180 technique, your reading skill to chart will be greatly improved.
If you want to do day trading, please set the time frame to 5 minutes or 15 minutes, and you will see many of the low point of rising stocks.
If want to prefer long term range trading, you can set the time frame to 1 hr or 1 day.
IRDM monthly continuation?IRDM looks very interesting, we lost structure on the weekly chart by invalidating the last HL of up move.(which was a Bull flag breakout continuation up. All of this can still be a big continuations on the montly chart. For sure looks downwards for a bit before we can possibly get the monthly Higher Low.
i'd be careful buying below trendline for investments.
-D
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
Long Trade in IRDMIridium Communications is a telecom stock in a clear uptrend. Shares have more than doubled over the last 12 months with clear support at the 50-day moving average.
The dashed white line on the chart highlights the area I have been watching - the HKEX:62 price level. This has been a key area of support and resistance and a likely place for IRDM buyers to step in and support the stock.
The 50-day moving average is here as well which should give additional support.
This is buyable here with a sell stop at $60.
IRDM Iridium Communications Price TargetARK Invest is selling IRDM Iridium Communications for some time now. They timed the PayPal and Facebook selloff perfectly, so i expect they did the proper research before selling IRDM too.
In this case, my price target is the 28usd support level.
Looking forward to read your opinion about it.
IRDM BUY/LONG READY SOON! 29.00 to rise to potentially 80.00!TICKER CODE: IRDM
Company Name: Iridium Communications Inc.
Industry: Communication Services | Telecom Services | USA
Technical Analysis
1. Large Pennant / Falling Wedge Pattern Broke out and Retraced already
2. Large Head & Shoulders
3. Fibonacci Retracement (Potentially) to reach 0.786 (Silver Zone)
4. Fibonacci Expansion Safe Take Profit Level 1 (Grey Zone) Also the length of Flagpole
Entry: NOT YET READY! PREPARE FOR ENTRY AT 29.00-31.00
1st Partial Take Profit: 61.00
2nd Take Profit: 80.00 (Can consider to full take profit here) - Personally, I would hold this trade Long-term
EXPECTED Take Profit in September - December 2021
Pull Back Fishing ABC Bullish Inverse Head and ShouldersIRDM has pulled back quite a bit after forming what appears to be a double top.
Deep pull backs do not look good on the cloud as a rule. The cloud also changes like indicators, moving averages and patterns. Everything changes.
Right now the cloud looks bearish. The Tenka is under the Kijun. The chikous span is level with price. It would be bullish if the Chikou was above price. There is a bearish cross in the projection field ahead as and Span A is below Span B. The cloud is not pointing down.
The cloud is not my favorite tool for pull back or bottom fishing, but I think it is great for a quick snapshot. A security usually does not look bullish when it is down this far.
Not a recommendation
Possible stop under C
has potential to breakout, not ready yet though in my opinion had a nice breakout from its longterm trend channel but now its back under, look for the top trendline from 2020 to act as support and NOT resistance before entering! nice curling RSI too but the top trendline resistance is what worries me. im nuetral here