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