Just last Friday, I spotted a potential breakout above the 4.90 level, SATS was trading at 4.87 then….
Mentioned about the longer term trend being intact and still a potential to ride.
Today, we have seen a firm move above 5.00 indeed…
Indicators still looking good imo..
Can there be more strength from here?
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Recent Email:
Sent: Friday, September 16, 2016 3:26 PM
Subject: *********** SATS: A potential breakout above 4.90 can see the uptrend continue, price 4.87
Subject: *********** SATS: A potential breakout above 4.90 can see the uptrend continue, price 4.87
SATS has maintained above the 4.60 support for more than a month even rebounding from it. We are seeing some resistance at 4.90 then 5.00 now with it likely to attempt a move above. Longer term uptrend intact so far with it also supported above the upwards sloping channel support line. Any further push above 5.00 can see it find a new high. MACD also looking an at impending crossover at the positive territory which can signal more upside momentum with a corresponding price action.
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