probabilityta

SATS Bias more on upside from chart perspective

Long
SATS (SGX:S58)  
SGX:S58   SATS
30th Oct 2022

SATS gap down due to M&A.

However price reach the Covid low during 2022 around $2.50.
Worth to nimble at current price as investors may over-react on SATS M&A decision. (Based on Technical view)

Avoid if you worry on their upcoming earning report in Nov 2022

Resistance: $2.8/$3
Support $2.50

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