The daily line is a relatively long positive line with a long upper shadow and a short lower shadow. The amplitude is close to 20%. The trading volume is one-third more than the previous day and more than the previous few days.
The daily MA30 line began to turn upward, and MACD showed an increasing upward momentum above the zero axis.
The price rose to a high of around 3550 and was suppressed by the blue neckline. It has now retraced and closed below the blue line. There will be another wave of upward momentum. It must impact above the blue line and after it retraces and stands firm, it will open up further room for growth. If it does not impact upward in the next few days, or if it rushes up and then retraces and fails to stand firm, it will return to the volatile trend of the previous few days.
From a medium-term perspective, SATS still has a relatively large room for growth. Those who bought at a low price can continue to hold it and wait for a large positive line with a daily increase of more than 30% before considering taking profits in batches.
