CFD Trading – Buy SATS (S58.SGX) @ $2.62. Stop @ $2.52 and Target @ $2.80.

SATS Stock Code S58.SGX

Outlook

Price rebounded after forming a base low at S$2.50. It moved and closed above the middle Bollinger band, which is also the 20-day moving average. The RSI is rising towards its neutral level. These could increase chances of the stock price moving higher.

Strategy

$2.62          Buy

$2.80         Price Target

$2.52          Risk Management Stop

3 weeks      Trade Duration

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