As of March 25, 2026, IRDM (Iridium Communications Inc.) is in a bottoming attempt state on the weekly chart, with a confidence level of 63%. Key support is at $22.9 and key resistance at $30.4. Weekly rebound from the ~$17-$19 base; price at ~$26.83 is now back above the EMA50 (~$22.93) and pressing into the EMA100 (~$26.38) area, with RSI ~67 (strong momentum but near short-term froth).
Most likely: constructive pullback/retest after tagging EMA100/EMA200 zone, then continuation higher if the HL holds (wave (2) pullback then wave (3) attempt).
Second likely: rejection at the $30 area (EMA200 supply) leads to a deeper retrace toward the base; if support breaks, it becomes a range-to-downtrend continuation (failed wave (1) rally / larger ABC).
Weekly close > $30.40 (reclaim EMA200) and hold for 2+ closes
Weekly close < $22.90 (lose EMA50) would negate the bottoming/HL structure
Buy-the-dip framework: $24-$25.5 is a shallow retest area, $22.5-$23.3 aligns with EMA50/support, and $18-$19.5 is the prior capitulation/base demand zone if the retest fails.
Trim into major MA supply/likely Fib retracement zones: EMA200 around $30, SMA200 around $36, and a larger retracement/overhead supply band into the mid-$40s+ if a full trend reversal develops.
As of March 25, 2026, IRDM (Iridium Communications Inc.) is in a bottoming attempt state on the weekly chart with 63% confidence. Weekly rebound from the ~$17-$19 base; price at ~$26.83 is now back above the EMA50 (~$22.93) and pressing into the EMA100 (~$26.38) area, with RSI ~67 (strong momentum but near short-term froth).
On the weekly timeframe, IRDM has key support at $22.9 and key resistance at $30.4. The most likely scenario (bullish) targets $30.4 and $36.4, with a revert level at $24.5.
IRDM (Iridium Communications Inc.) is currently classified as bottoming attempt on the weekly chart, with 63% confidence. Confirmation requires: Weekly close > $30.40 (reclaim EMA200) and hold for 2+ closes This would be invalidated by: Weekly close < $22.90 (lose EMA50) would negate the bottoming/HL structure
The most likely scenario (bullish) targets $30.4 and $36.4, with a revert level at $24.5. The alternative scenario (bearish) targets $22.6 and $18.0.
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