Chart source: Poemsview 25th Aug 2020
SATS had some upside despite its net loss of $43.7m in 1Q20/21. This loss could be widely anticipated and it was in line with what analyst predicted. What was interesting again was that despite the negative news, SATS still climbed up yesterday.
For now, analyst are mixed over SATS and most are anticipating some recovery with opening of some borders.
If you want to know how to swing your trade without having to go in and out. You may consider using Phillip CFD as one will not be pressured by time to sell off your position.
We use CFD in our trades to help us to swing our trade in order to ride the trend.