Long
Update on GSAT chart
Alright, let's connect all the dots here. We hit the $2.74 price target, as I mentioned before. It's a significant resistance level, and the stock has been running straight up from $1.01 last month. The RSI needs to reset. Considering all the fundamentals, this is a healthy pullback. Also, keep in mind that it's the end of the year, and people may sell for tax reasons. Buying opportunities could be around the $1.75-$1.83 range.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.