Not an Advisor.
Earlier last week we saw volume come in hot. Then it started to die off quite a bit. My thoughts here are that we attempt to hit that $1.57 mark and break it. Volume needs to return. It's possible we see a nice run up before earnings then dump off. The 9 MA hasn't death crossed the 21 MA yet signaling bullish yet. MACD is hooking to go bearish but I can totally picture that being a head fake. GSAT wants to get back up to the upward channel, we just need to see the next 4hr candle here to confirm. If we see that influx of volume bright and early we may just see this play out. I'll update more when I can.
I want to see this get up and retest $3 just looks like we may have some more time before, need more data to get to that point. Anyways looking forward to their earnings report for an update as well, they just eliminated a good amount of debt.
Longterm really bullish here. Important couple of days about to come about for earnings lets see how this pans out.
Earlier last week we saw volume come in hot. Then it started to die off quite a bit. My thoughts here are that we attempt to hit that $1.57 mark and break it. Volume needs to return. It's possible we see a nice run up before earnings then dump off. The 9 MA hasn't death crossed the 21 MA yet signaling bullish yet. MACD is hooking to go bearish but I can totally picture that being a head fake. GSAT wants to get back up to the upward channel, we just need to see the next 4hr candle here to confirm. If we see that influx of volume bright and early we may just see this play out. I'll update more when I can.
I want to see this get up and retest $3 just looks like we may have some more time before, need more data to get to that point. Anyways looking forward to their earnings report for an update as well, they just eliminated a good amount of debt.
Longterm really bullish here. Important couple of days about to come about for earnings lets see how this pans out.