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Wednesday, March 2, 2016

SATS

SATS - 2nd March 2016

SATS seems to have bounced off from the low of $3.75 from 11th Jan 2016 and continued to trend higher to touch $4.04 on 2nd Mar 2016. This is generally rather bullish.

The current price of $4.00 is hovering above both 14SMA & 25SMA lines which is rather positive.



Also both Macd & Rsi are also showing sign of a positive divergence which may provide further indication that the share price may continue to head higher.

Short term wise it may move up to re-visit $4.08 . Breaking out of $4.08 may see it prices head higher towards $4.20 then $4.50 with extension to $4.80.
(trade base on your own decision)

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