SATS – [ Hitting Our Downtrend Line, Biggest Loser Of The STI Component, Lets See The Chart]algo investing.com/wp-content/uploads/2019/01/SATS.png” alt=”SATS 18th Jan 2019″ width=”963″ height=”548″ srcset=”http://algo investing.com/wp-content/uploads/2019/01/SATS.png 963w, http://algo investing.com/wp-content/uploads/2019/01/SATS-300×171.png 300w, http://algo investing.com/wp-content/uploads/2019/01/SATS-768×437.png 768w, http://algo investing.com/wp-content/uploads/2019/01/SATS-600×341.png 600w, http://algo investing.com/wp-content/uploads/2019/01/SATS-713×406.png 713w” sizes=”(max-width: 963px) 100vw, 963px”>
algo investing.com/wp-content/uploads/2019/01/SATS-sti-comp.png” alt=”” width=”962″ height=”206″ srcset=”http://algo investing.com/wp-content/uploads/2019/01/SATS-sti-comp.png 962w, http://algo investing.com/wp-content/uploads/2019/01/SATS-sti-comp-300×64.png 300w, http://algo investing.com/wp-content/uploads/2019/01/SATS-sti-comp-768×164.png 768w, http://algo investing.com/wp-content/uploads/2019/01/SATS-sti-comp-600×128.png 600w, http://algo investing.com/wp-content/uploads/2019/01/SATS-sti-comp-912×195.png 912w” sizes=”(max-width: 962px) 100vw, 962px”>
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Chart Source : Poemsview 18th Jan 2019
SATS is part of the STI component stock and is the leading provider of gateway services and food solutions in the region.
SATS had a nice rebound from around $4.56 to a high of $4.97 which also coincides with our downtrend line that we drew. After moving up that much it was time for a break for SATS and true enough the pullback came.
Our EXCLUSIVE CLIENTS were alerted, so that they could plan, prepare and proceed.
SATS came sliding down today and was the top loser despite STI closing positive. What a way to end the week. For now our first target $4.80 has been hit and if it closes below $4.80 we might see further downside to our second target as drawn on the chart.
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