Sign of Strength in the chart:
1. Strong uptrend with GAP
3. Triple NS signal
4. Green Pentagon, increasing volume at resistance
Hit the "LIKE" button to support us :)
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or...
SATS S58 : TARGETS $4.55 (quantstrategic.com.sg)
Refer to my previous post, $4.55 has been hit intraday.
Short term trend is UP
Medium trend is UP since 091120
Long term trend down pending break of $4.55
Long positions above $4.15 target 4.55 and 5.85
Short positions below $4.15 target 3.65 and 3.55
SATS is bullish with a buy signal on 020221 on the 4hr at $3.95 and the dailies on 080221 at $4.05. The medium term trend is up since 091120 last year with buyers pushing price above $3.40 to test $4.55, the pivot point on the longer term monthly charts.
Short Term Trend UP since 020221
Medium Trend UP since 091120
Long Term will turn UP if we break and hold...
- ADX<25. Would like to be higher.
- FFI and RS +ve
- MAs are aligned. 10MA below 40MA but pointing up.
- Looks like demand is there.
- Once above HVN 4.14, it should have more upside.
SATS has been staging several strong rebounds since late March which failed. However the stock fell on 29 May with a massive volume but without forming a new low from the March's low. There is a chance that the weak bulls have been flushed out once and for all and that the rebound that started 2 days ago is sustainable this time, especially when it appeared to...
I got into this trade at 5.00 and added at 5.07 as it broke out of the long term falling wedge formation and am looking at a possible wedge target of 5.70 - 5.80 with a stop loss just below 4.90. However targets are not guaranteed, will place trailing stops as it rises - usually a fractal low or the below the low of the previous day's candle (if it was a large...