SATS is taking a short term rest at the 78.6% Fibonacci Support at about $2.57. If this support is broken, SATS will continue the down trend to $2.256 (61.8% Fibonacci Support). Watch this level closely!
Previous post on SATS here.
Apr
03
Category Archives: SATS
Feb
13
SATS: Continue Down Trend!
SATS is closing in the price target of $2.57 after breakdown a Multiple Tops chart pattern. SATS is currently trading trading below 20D, 50D and 200D and the down trend may continue to $2.256 (61.8% Fibonacci Retracement Level). SATS may rebound at about 78.6% Fibonacci Retracement Support level before continue to down trend.
Visit Previous Post on SATS HERE.
Jan
31
SATS: Breakdown from Multiple Tops
SATS has broken from the neckline support & 200D MA support today after forming a multiple tops with increase in selling trading volume. This is a bearish chart pattern and this breakdown may bring SATS to $2.57.
Important things to watch:
- Whether SATS can rebound from this 200D MA support and stay above $2.80.
- Whether this $2.80 turned support to resistance.
In summary, the current SATS charts look bearish, and downside risk is much higher than upside potential. $2.97 is a very tough resistance to break as SATS has failed the past 5 times.
- Current PE = 16.9
- Rolling PE = 16.2
- Dividend Yield = 4.6% (base on $2.78 stock price)
SATS is at fair value. This correction may be good for those who want to buy SATS at lower price to collect dividend.