IamJeanPaul
Long

GLOBALSTAR TEXTBOOK BREAKOUT SHOOTING FOR THE SKY

AMEX:GSAT   GLOBALSTAR INC
Beautiful textbook breakout out of an corrective wedge after an initial impuls higher.
We formed a nice bottom and correction seems to be over, we broke impulsivley higher above the all important 1.50 area.
Look for a small corrective move towards 1.50 enter with a tight stop at 1.35 and let the market do the work for you.
I love this setup.

Risk:Reward = 1:5
Trade active: Good for now.
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