Tag: GSAT Target Price

Globalstar: At the start of a New Impulse Higher

Globalstar, Inc. (NYSEMKT:GSAT), after a big price-volume surge in mid-December, pulled back a little this month, creating a falling wedge formation. The upper-line of that pattern was broken Monday on volume expansion.

This was a very good sign for a continuation of the trend, and I am looking for a retest of the recent highs around the 2.20 area.

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