I (Intelsat) seems forming a flag formation in daily frame, and fallen angel in weekly frame. It seems breaking out of its long consolidation. We think it can go to $4.40 or higher.
Trade Criteria:
Date first found: January 25, 2017
Pattern/Why- Flag on daily, Fallen angel on weekly
Entry Target Criteria- Break of $3.40 or pull back to $3.25.
Exit Target Criteria- $4.40 or higher
Stop Loss Criteria- $3.07
Trade Status: Pending
(Note: Trade update is delayed here.)