SATS continued to suffered sell down today to a low of 4.62. With our bearish Whatsapp alert yesterday when I saw the buy/sell Q flipped, combined with the daily chart, it was an instant text book answer that the stock would suffer selling at a stage. Gave a Whatsapp alert to all members and the rest was history. Click and see our Whatsapp alert.
I am expecting SATS to continue it's selling until the next support level. The stock has a lot of stale bulls and hence it's difficult to move up at the moment in the mid term. Short term may rebound.
Ronald K - Market Psychologist - A Stock Market Opportunist