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SATS ST: the RSI is oversold
Trading Central | 2018-06-20 01:19:00

Our preference: the downside prevails as long as 5.03 is resistance.

Our pivot point is at 5.03.

Our preference: the downside prevails as long as 5.03 is resistance.

Alternative scenario: above 5.03, look for 5.19 and 5.29.

Comment: the RSI is trading below 30. This could mean that either the stock is in a lasting downtrend or just oversold and that therefore a rebound could shape (look for bullish divergence in this case). The MACD is below its signal line and negative. The configuration is negative. Moreover, the stock is trading under both its 20 and 50 day MA (respectively at 5.17 and 5.32).

Supports and resistances:
5.29 **
5.19 *
5.03 **
4.96
4.86 (SGD-last)
4.66
4.56 **
4.46 *
4.36 **

Head of Research at TRADING CENTRAL: Rémy GAUSSENS

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Written on 06-20-2018 at 03:19 UTC+1
Price reference: 4.86 last known on 06-20-2018 at 03:19 UTC+1
Investment horizon: ST

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