Globalstar sounds good, right? GSAT
Globalstar is a leading provider of satellite solutions for businesses and individuals offering customizable Satellite Commercial IoT Solutions, connectivity for mobile and field personnel, fleet asset tracking, equipment monitoring, and enabling business efficiencies beyond cellular.
GSAT is outstandingly standing on multiple legs. Just to mention a couple of industries they are taking on. Government and Public Safety, Transportation, Energy, Construction, Forestry, Agriculture, Commercial. This company is attractive to investors on its own. Cheap price on the market small-cap and bright future. This usually leads the investors to one decision: "Invest `till can."
Why would you think that? We are on the edge of the century of the green future, social security and space discovery. What do humans need to reach that ultimate goal? Communication! Globalstar connects people in rough environments like in the middle of the forest or ocean or top of the mountain while they working or going on holidays, tracking animals and produce data about them. Providing a reliable and portable satellite service.
Technical analysis!
Candles look like leaving the downtrend and stepped forward to the uptrend area. The stock got a beating since February of 2021 but it doesn't seem to be given up. Investors step in and taking control of the short. Bulls are coming and they are not afraid to show their strengths on certain levels. If or when the share could break through $1.7 resistance there could be a way to reach $2 again and fly beyond. The chart shows that find out sooner than later what will happen.
Invest NF recommendation is BUY
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