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
62 price level. This has been a key area of support and resistance and a likely place for IRDM buyers to step in and support the stock.
The 50-day moving average is here as well which should give additional support.
This is buyable here with a sell stop at $60.
The dashed white line on the chart highlights the area I have been watching - the
62 price level. This has been a key area of support and resistance and a likely place for IRDM buyers to step in and support the stock.The 50-day moving average is here as well which should give additional support.
This is buyable here with a sell stop at $60.
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Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.