CFD Trading – Sell SATS (S58.SGX) @ $4.12. Stop @ $4.27 and Target @ $3.80.

SATS Stock Code S58.SGX

Price broke below the cloud in the previous trading session and this could be a sign of a change from the bullish outlook into a bearish trend. Conversion and Base lines had a bearish crossover, indicating a bearish trend. Lagging Span is below price of 26 days ago but is inside the cloud. MACD remains bearish with both its lines moving away from the zero line, which is a hint of a bearish price trend. We are expecting price to decline to the support level at $3.77.

$4.12                 Sell
$3.80                 Price Target
$4.27                 Risk Management Stop
3 weeks Trade Duration

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