GSAT ( Globalstar ) may form a bearish flag pattern where price might stalled at around 6.34 which are 1) Supply Zone 2) Upper Line of bearish flag pattern ..
Regression to the mean is what we are seeing wit GSAT. This one shows no evidence of pivoting or impulsing upwards once again. That last impulse was stellar, however.
This is a reflection using technical analysis + only and we do not consider valuation and macro factors at this stage.
The Fibonacci targets going down are highlighted in purples with...
In this video, the discussion is about the #GSAT, Price Action analysis, resistance, and support, risk to reward ratio.
Note: The discussion on the video is not financial advice and is purely for training and educational purpose.
After AT&T Buys Straight Path, Globalstar Could Be The Next Telecom Takeover Target
Chart does show an uptrend is starting
Entry: tomorrows open
S/L: $0.73
