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
27th March 2022
SATS part of the business is to provide flight catering. Since country open up, all related to Travel Sector will be benefited from it.
Once it break above the flag channel resistance, we may see next resistance at $4.60 and may hit jackpot at $5.16 (78.6% Fibo) to complete the flag patten
From a long-term perspective, the low during Apr 2020 covid19 marks a higher low and creates major support at 2.50-3.00 level. Since then, prices have rebounded more than 60% and eventually hitting the resistance of 4.60.
The price is now retracing lower and forming (seems like) a bullish flag on a smaller time frame.
We have a few things to take note of...
Sign of Strength in the chart:
1. Strong uptrend with GAP
2. Reaccumulation
3. Triple NS signal
4. Green Pentagon, increasing volume at resistance
Hit the "LIKE" button to support us :)
Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or...
SATS S58 : TARGETS $4.55 (quantstrategic.com.sg)
Refer to my previous post, $4.55 has been hit intraday.
Short term trend is UP
Medium trend is UP since 091120
Long term trend down pending break of $4.55
PIVOT $4.15
Long positions above $4.15 target 4.55 and 5.85
Short positions below $4.15 target 3.65 and 3.55
ENTRY: 4.12
TP: 4.46
SL: 3.89
- ADX<25. Would like to be higher.
- RSI>60.
- FFI and RS +ve
- MAs are aligned. 10MA below 40MA but pointing up.
- Looks like demand is there.
- Once above HVN 4.14, it should have more upside.
SATS is bullish with a buy signal on 020221 on the 4hr at $3.95 and the dailies on 080221 at $4.05. The medium term trend is up since 091120 last year with buyers pushing price above $3.40 to test $4.55, the pivot point on the longer term monthly charts.
Short Term Trend UP since 020221
Medium Trend UP since 091120
Long Term will turn UP if we break and hold...
False break below 100 & 200 Month MA and now waiting for announcement of COVID Relief bill to explode for Santa Claus Rally!
Lots of profits from COVID vaccine storage
SATS has been staging several strong rebounds since late March which failed. However the stock fell on 29 May with a massive volume but without forming a new low from the March's low. There is a chance that the weak bulls have been flushed out once and for all and that the rebound that started 2 days ago is sustainable this time, especially when it appeared to...
I got into this trade at 5.00 and added at 5.07 as it broke out of the long term falling wedge formation and am looking at a possible wedge target of 5.70 - 5.80 with a stop loss just below 4.90. However targets are not guaranteed, will place trailing stops as it rises - usually a fractal low or the below the low of the previous day's candle (if it was a large...
![S58: [Analysis] SATS... is recovery on its way?](https://s3.tradingview.com/b/BF4YSpEp_mid.png "[Analysis] SATS... is recovery on its way?")
