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Tuesday, February 2, 2016

SATS

SATS - 2nd Feb 2016

SATS is gaining strength to head higher as reflected from the chart.
Today it has managed to breakout $3.97 substantially and closed higher at $4.00 today.
This is generally quite positive.

The current price of $4.00 is hovering above both 14SMA & 25SMA, which is rather bullish to drive the share price higher.

Also both MACD & RSI are showing sign of a positive divergence that may provide further indication that the share price may head higher.

Short term wise it may continue to head higher to test the All Time High at $4.09 that was being tested on 12th Nov 2015 with extension to $4.20.
(trade base on your own decision)




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