Trading 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...
Dear traders,
Id like to share this idea in order to take long positions,
30- 33$ is is a good price range to look for buying opportunities.
Additionally RSI is clearly oversold and prices already went down quite aggressive.
best,
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
Iridium 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...
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...
If you are a trend line breakout trader you might have caught this but that's not how I do it.
That said, NASDAQ:IRDM had its highest UP volume in a year.
She now goes into my larger watchlist and we get to be #paitent for it to setup again.
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)...
it would have happened yesterday if biden didn't do anything
i think it could go to about $45-$48 if this happens
it's a solid company and just beat earnings
IWM also looks ready to go boom
I'm loving the symmetrical W pattern forming on IRDM. Once it pushes through the 50EMA and .618 fibs I expect this one to be off to the races. Price target could be the $62 if they turn a profit, but I expect it to reclaim recent highs at a minimum.
IRDM 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...
Iridium may break out next days and we enter it after some drawdown.
It is also possible we see the drawdown right now, and can grab the stock this week cheaper.
No hurry :)
Signals are not approved today, but maybe while todays trading time, it will get the approval from MACD and maybe DMV for a long position.
Wait paciently till signal is in...
