SATS Stock Code S58.SGX
Outlook
After reaching a high of $4.22 on 11 October 2021, the price correction broke below the cloud, two days ago. This has changed the chart outlook from a correction into a bear trend. Conversion and Base lines had a bearish crossover earlier, hinting at a bearish trend. Lagging Span is below price of 26 days ago but is above the cloud. MACD is bearish and moving lower, hinting at a bearish price trend. We are expecting price to decline to the next support level at $3.90 in the next 2-3 weeks.
Strategy
$4.11 Short Sell
$3.91 Price Target
$4.23 Risk Management Stop
3 weeks Trade Duration
