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Straits Times 3,219.16 +1.48 +0.05%
Hang Seng 27,499.39 -454.19 -1.62%
Dow Jones 26,562.05 -181.45 -0.68%
Shanghai Composite 2,797.48 +68.24 +2.50%
SATS ST: above its upper Bollinger band
Trading Central | 2018-07-10 01:25:00

The MACD is negative and above its signal line.

Our pivot point stands at 5.07.

Our preference: our next up target stands at 5.59.

Alternative scenario: below 5.07, expect 4.9 and 4.79.

Comment: the RSI is above 50. The MACD is negative and above its signal line. The MACD must break above its zero level to trigger further gains. Moreover, the stock is trading above both its 20 and 50 day MA (respectively at 4.99 and 5.22). Finally, SATS has crossed above its upper daily Bollinger band (5.19).

Supports and resistances:
5.8 **
5.69 *
5.59 **
5.48
5.25 (SGD-last)
5.14
5.07 **
4.9 *
4.79 **

Head of Research at TRADING CENTRAL: Rémy GAUSSENS

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Written on 07-10-2018 at 03:25 UTC+1
Price reference: 5.25 last known on 07-10-2018 at 03:25 UTC+1
Investment horizon: ST

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