SATS – [ Let’s Review This Set Up Just Two Weeks Back] 
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.
It challenged the 50ema this morning, broke it and went to the next resistance. It has a nice upside of over 10%ย since we spotted this 2 weeks back at $2.84
For now, analyst are mixed over SATS and most are anticipating some recovery with opening of some borders.
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We use CFD in our trades to help us to swing our trade in order to ride the trend.
