Update for SATS 13th Apr 2014 - SATS looks rather weak at this moment. All 3 indicators are pointing downwards which is rather negative. Breaking down of $3.01 may see it goes further down towards $3.00(trade base on your own decision).
Update for SATS 29th Mar 2014 - SATS is in a neutral mode from TA point of view. All 3 indicators are showing sign of turning upwards which is quite positive. Short term it may go up to test $3.09. Breaking out of $3.09 with good volume that may drive the share prices higher towards $3.20.(trade base on your own decision)
Update for SATS 18th Mar 2014 - SATS had been super bearish and went down all the way to $2.93 on 3 Mar 2014. It has since risen up to close at $3.07 on 17 Mar 2014. This is generally healthy. All 3 indicators such as MACD, RSI & Stochastic are turning upwards which is rather positive. Breaking out of $3.09 with good volume may see it move up towards $3.20 soon.(trade base on your own decision)
Update for SATS 20th Jan 2014 - SATS is on a consolidation pattern as indicated on the TA point of view. Both indicators such as MACD & Stochastic are showing sign of turning upwards which is quite positive. Breaking out of $3.23 with high volume may send the prices higher to $3.30 - $3.35 soon.
(trade base on your own decision)
Update for SATS 8th Jan 2014 - SATS still looking good to continue moving upwards.Today closing price of $3.22 couple with good volume is good to drive the share prices higher. All 3 indicators are turning upwards which is rather positive. Crossing over $3.25 will be very positive.
Short term TP $3.40
(trade base on your own decision)
Update for SATS 24 Dec 13 - The signal was triggered on 20 Dec and it is now resting to before moving up. Look to see if it is able to breakout $3.25 with good volume then that may send the prices higher to $3.40.
We remain Overweight Singapore’s aviation services sector. With airlines in the region poised to embark on capacity expansion in 2014, we see a higher volume of workload in store for domestic companies such as SATS(BUY, TP: SGD4.00)
Update for SATS 29th Mar 2014 - SATS is in a neutral mode from TA point of view. All 3 indicators are showing sign of turning upwards which is quite positive. Short term it may go up to test $3.09. Breaking out of $3.09 with good volume that may drive the share prices higher towards $3.20.(trade base on your own decision)
Update for SATS 18th Mar 2014 - SATS had been super bearish and went down all the way to $2.93 on 3 Mar 2014. It has since risen up to close at $3.07 on 17 Mar 2014. This is generally healthy. All 3 indicators such as MACD, RSI & Stochastic are turning upwards which is rather positive. Breaking out of $3.09 with good volume may see it move up towards $3.20 soon.(trade base on your own decision)
Update for SATS 20th Jan 2014 - SATS is on a consolidation pattern as indicated on the TA point of view. Both indicators such as MACD & Stochastic are showing sign of turning upwards which is quite positive. Breaking out of $3.23 with high volume may send the prices higher to $3.30 - $3.35 soon.
(trade base on your own decision)
Update for SATS 8th Jan 2014 - SATS still looking good to continue moving upwards.Today closing price of $3.22 couple with good volume is good to drive the share prices higher. All 3 indicators are turning upwards which is rather positive. Crossing over $3.25 will be very positive.
Short term TP $3.40
(trade base on your own decision)
Update for SATS 24 Dec 13 - The signal was triggered on 20 Dec and it is now resting to before moving up. Look to see if it is able to breakout $3.25 with good volume then that may send the prices higher to $3.40.
We remain Overweight Singapore’s aviation services sector. With airlines in the region poised to embark on capacity expansion in 2014, we see a higher volume of workload in store for domestic companies such as SATS(BUY, TP: SGD4.00)
Expect the market to focus on 3 key issues: 1)Impact of rising interest rates, 2) Ability to raise DPS and 3)Key events for individual stocks.
SATS is our top pick for 2014 lifted by a combination of positive events in the year,
compelling valuations and attractive dividend yields of 5.1-5.8% over the next three years.
(quote from Maybank Kim Eng)
Both MACD & RSI is showing sign of reversal. If is it able to cross over $3.17 with good volume that will signal a confirmation of the reversal pattern.