GLOBALSTAR INC

GSAT has recently touched on it';s resistance at $2, stoc reveals oversold most recently, a green candle has formed indicating a reversal Be weary of volume though, it isnt high enough to indicate a true reversal yet

-above rectangle invalidates

GSAT is going to go the distance this 3rd time around. Holding for ATH.

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

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

NICE BREAKOUT TO KEEP EYE ON FOR TOM

Okay, okay, okay ... . It is likely that this company is a ginormous turd pile, but the implied volatility in it is high, so I'm pulling the trigger here on it as a small speculative trade. Metrics: Bought 100 Shares at 1.61 Sold Oct 21st 2 call Whole Package: 1.37 db Max Profit: $63 ROC: 46%

GSAT testing previous lows on 1.10 level it looks like a pretty strong resistance. GSAT is also oversold, expecting a bounce of 1.10 level to about 1.26

Globalstar Inc has had a complicated relationship with the FCC as of late over airwave use, more specifically, the use of satellite signals for mobile devices to access the internet. Certainly something to look into more and watch as the FCC concludes its voting on the matter. Since GSAT's large selloff, its price has recovered somewhat by ~ 28% over the past 11 ...

First Published Chart

Some back & filling here creating a pennant and at the same time testing breakout area 3.09... in the end....further up Safe trading ladies and gents! @BLawrenceM Music at work: https://www.youtube.com/watch?v=_c_n0A3BFVE http://open.spotify.com/track/3utsJdhRUrJA8avrOawi8D If you find my charts useful - consider following me on Twitter. I do updates there ...

Support at 2.16. Resistance shown at 2.78. Look for MACD cross and upward RSI trend