Dave’s Analysis (Feb 2, 2025)

Summary

Background:

 

“Iridium Communications Inc., formerly GHL Acquisition Corp., is a provider of mobile voice and data communications services via satellite, and the provider of mobile satellite communications services offering 100% global coverage.” Currently Barchart.com reports seven analysts have rated IRDM a moderate buy.

 

Analysis:

 

  • My mid-term trend  indicator suggests the price is near a swing trade low.

 

  • My short mid-term and long term zero balance indicators are bullish.

 

  • The price is near the monthly pivot point suggesting support.

 

Recommendation:

 

Buy IRDM  at 29.57 stop for Monday 2/3/2025.

 

Use our EP-Space trading philosophy to manage the trade.

 

Happy Trading,

Dave Register

CTA

 

About the Author

Dave Register is ExitPoint’s primary developer and creator of the original ExitPoints systems. With a masters in both Physics and Statistics, over 50 years of experience in management information systems and designing AI systems to accurately predict futures market trading, Dave is a respected member of the trading community. His passion for predicting market trends is both personal and professional, a primary interest that he enjoys sharing with others.

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