CFD Trading – Buy SATS (S58.SGX) @ $4.05. Stop @ $3.95 and Target @ $4.22

SATS Stock Code S58.SGX


Price broke above the cloud two days ago which could be the start of a new bullish price trend going forward. Price was capped by the Base line on the first day it broke above the cloud but yesterday, price closed above the Base line, reinforcing the new bullish price trend. Lagging Span is above price of 26 days ago as well as above the cloud, confirming the bullish trend. MACD is in the bearish zone but there is a MACD bullish crossover. If price can stay above the cloud, we are expecting price to test the previous high of $4.22 in the next 2-3 weeks ahead.


$4.05                 Buy

$4.22                 Price Target

$3.95                 Risk Management Stop

3 weeks              Trade Duration

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