$SATS
The daily line is a small negative line with a long upper shadow and a short lower shadow, similar to the cross star shape. The trading volume is basically the same as the previous day, slightly less.
The daily MA30 line is still slightly upward, and MACD shows an increasing upward momentum near the zero axis.
Yesterday we said that we should pay attention to the callback after a short-term upward surge, and also gave the target range for the upward surge. This wave is considered to be a perfect step on the trend.
This long upper shadow line represents the trend of a downward callback in the future. The upward pin-point retracement does not form an effective support at the neckline, so the retracement position will be in the red box.
Then, the price will continue the trend of the previous two weeks and continue to fluctuate widely to adjust and accumulate power.
The daily pressure level is 3500-3600-38000, and the support level is 3300-2900-2680
