Chart Source: Poemsview 13th Aug 2020
SATS continued its movement seeing close to a 3% upside move from yesterday’s close. This is higher than the movement of the STI. It reached the 50ema of around $2.90 which was a resistance we mentioned just yesterday! SATS couldn’t break above it which we kind of expected as this could be a strong resistance.
If it can consolidate around this range then it might be ready to take on the next level at $3.01.
We hope you learnt something from our sharing yesterday!
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