SATS Stock | Continue Bullish in 2016 | Moses Stock Column

Thanks for visiting AmiBrokerAcademy.com. What’s your strategy in 2016? Let’s have a look of the stock pick from AmiBrokerAcademy.com.

 

Can 2016 Continue to Be a Good Year again for SATS Stock?

Just a right at the start of 2016, first the tension continues to build up in Middle East. Next, everyone worry China economy may stumble as manufacturing sector may shrink further. Discounting the the US stock market influences. For Straits Times Index was down further. Can SATS stock be unique and stand out to continue it bullishness like 2015? Everything are possible, but the market for only do one of the three things, 1) up, 2) down, and 3) sideways.

 

2015 Definitely Was a Good Year for SATS Stock

While everyone was in the bearish mode, and SATS stock was enjoy the uptrend ride. What a stock? SATS Stock went from Low at $2.89 on January 14, 2015 to High 4.09 on November 12, 2015. Who say market was bearish for 2015?

 

SATS Limited Stock

Bearish in 2014, and bullish in 2015. Can it continue to be bullish in 2016? Will see.

 

 

 

 

 

 

 

 

 

 

 

 

 

SATS Limited Stocks

Bullish in 2015.

 

 

 

 

 

 

 

 

 

 

 

 

Picture Worth a Thousand Words

$4.09 seem to be a limit so far; the price fail to retest the same peak. However, look at the trendline drawn. So far, the low did not form a lower low. This is a good sign.

 

ABCD Chart Pattern

Reference to ABCD Chart Pattern, there are two possibilities. ABCD down, or ABCD up. If the price action break the last trendline, the price may break lower and move south. Otherwise, the price action may retest the peak again, $4.09.

 

Trade What you See

All setup may fail. Trade what you see.

SATS Limited Stock ABCD Pattern

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Moses Stocks Analysis and Scan

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