SATS had a very nice breakout today at $4.97 and closed well at 5.09 couple with high volume this is very positive.
Both Macd & Rsi are still rising which may provide further indication that the share price may continue to trend higher.
The current price had a very nice run-away Gap up + closed well this is generally rather bullish/positive. The price is also staying above the SMA lines of which may likely continue to drive the share price higher.
Short term wise, I think it may like continue to trend higher towards 5.15 then 5.20 with extension to 5.25/5.30.
(Trade base on your own decision)
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