Just 2 months back, I did a video on both SIA and SATS, 🤔
I mentioned how this sector will take a while to recover and we may 𝐬𝐭𝐢𝐥𝐥 𝐬𝐞𝐞 𝐖𝐄𝐀𝐊𝐍𝐄𝐒𝐒 even though some upside can happen in the short term. 🛫🛫
Sellers can still return to take prices lower and we want to be careful as there are still 𝐬𝐢𝐠𝐧𝐬 𝐨𝐟 𝐚 𝐝𝐨𝐰𝐧𝐭𝐫𝐞𝐧𝐝 in the mid to long term.. 📉
Joey here, Top Tier Remisier in Phillip Securities.
Well, over the past 1 month, 2 of them have rebounded slightly but then 𝐃𝐎𝐖𝐍𝐒𝐈𝐃𝐄 targets were drawn again.. ️🎯
It seems like we have pushed lower so the question is:
"𝗜𝘀 𝗶𝘁 𝘁𝗶𝗺𝗲 𝘁𝗼 𝗕𝗨𝗬 𝘁𝗵𝗲𝗺 𝗡𝗼𝘄 𝗔𝗴𝗮𝗶𝗻?"
Well, watch this video (𝙍𝙚𝙘𝙤𝙧𝙙𝙚𝙙 16 𝙅𝙪𝙡𝙮 2020) to see WHERE we can potentially start to see buyers coming back again and more importantly,
why we may still be BEARISH as long as we are capped below some of these CRITICAL Resistance levels. 😬
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