CFD Trading – Buy SATS (S58.SGX) @ $4.10. Stop @ $3.92 and Target @ $4.40

SATS Stock Code S58.SGX


After price reached a high of $4.30 on 17 February 2022, price went into a correction. During the recent price correction, the price was supported by the Conversion line with Base line acting as support at a lower point. Conversion line and Base line remain in a bullish crossover, hinting at a bullish price trend. Lagging Span is above price of 26 days ago and above the cloud, confirming the bullish price trend. MACD remains above the zero line and is hinting at a bullish price trend. We think price is likely to move to the previous high at $4.40, in the next 2-3 weeks.


$4.10                 Buy

$4.40                 Price Target

$3.92                 Risk Management Stop

3 weeks              Trade Duration

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