Wednesday, 13 March 2013

SATS: Inverted Hammer at confluence of support

 Weekly chart shows uptrend channel supported with 20w SMA.


 Daily chart shows uptrend channel supported with 100d SMA.

Inverted hammer with oversold stochastic oscillator.

Outcome:
13 Mar: Opened LONG at $2.95
23 May: Closed at $3.33
Reason for closing: Price had reached the top of the trend channel.
Profit $0.38, 12.9%

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