Iridium 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...
ARK 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.
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)...
IRDM 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.