CFD Trading – Sell SATS (S58.SGX) @ $2.69. Stop @ $2.78 and Target @ $2.45.

SATS   Stock Code S58.SGX


Price is capped by its gap resistance for a second occasion yesterday. A bearish candle was formed after a spinning top candlestick pattern. The RSI is at the overbought zone and is turning down. The middle Bollinger band, aka the 20MA, is falling as well. These could increase chances of the stock price moving lower.


$2.69              Sell

$2.45               Price Target

$2.78              Risk Management Stop

3 weeks          Trade Duration

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