SATS after hitting the low of 3.89 on 28th Mar 2016 it had managed to stage a strong recovery to touch 4.39 on 10th May( All time high). This is rather impressive + bullish.
The current price of 4.36 is staying above the SMA lines which is generally rather positive.
Also both Macd & Rsi are still trending upwards which may provide further indication that the share price may continue to trend higher.
Short term wise it may continue to move up to test 4.50 then 4.60 with extension to 4.80.
(trade base on your own decision)
No comments:
Post a Comment