CFD Trading – Buy SATS (S58.SGX) @ $2.83. Stop @ $2.69 and Target @ $3.10.

SATS Stock Code S58.SGX

Outlook

Price broke above the cloud and managed to stay above the cloud, keeping the uptrend intact. Conversion line and Base line remain in a bullish crossover and is hinting at a bullish price trend ahead. Lagging Span is above price of 26 days ago and is above the cloud, confirming the bullish price trend.  MACD is above the zero line and is hinting at a bullish price trend. If price is able to stay above the cloud, it could be heading towards the previous resistance high at $3.11.

Strategy                  

$2.83                 Buy

$3.10                 Price Target

$2.69                 Risk Management Stop

3 weeks              Trade Duration

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