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Analysis: #NASDAQ $IRDM

Case 475 #Iridium Communications Inc.

DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.

#IRDM 1/4
Chart 1
Weekly Chart: Trading conditions have been confined to a triangle, #momentum has also stalled. Sustained breaks below 27.46 will target 26.64- 25.72 below there the Mar. 2020 trendline at 24.60. Firm #support is seen around 21.28- 20.80. To the upside .....

IRDM 2/4
..... a close above 30.82 is required to target the balance point at 33.71, farther up the April. 2019 #trendline at 34.76.

IRDM 3/4
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