Trade of The Day – Technical Pulse: SATS Ltd December 2, 2022 629

SATS Ltd (SGX: S58)

(Current Price: S$2.75) – TECHNICAL BUY

Buy price: $2.75     Stop loss: S$2.68     Take profit: S$2.94  



The price consolidated within a pennant, with volatility subsiding after the selloff which is seen with contraction of the Bollinger Bands. We are likely to a see an expansion in volatility and a breakout to retest the horizontal resistance at S$2.94 which was a previous support, where it also meets the Ichimoku Cloud resistance currently.

Our institutional research has a fundamental recommendation of ACCUMULATE and target price of S$3.02. Expected timeline of the trade is 1-2 weeks from the date of report issuance.


Join our telegram channel on technical analysis for trends, entry and exit prices over Stocks, ETFs, and Indices!

Featuring regular TA posts and requests to analyse specific stocks
Click to join!
Notify of
1 Comment
oldest most voted
Inline Feedbacks
View all comments

About the author

Profile photo of Zane Aw

Zane Aw
Technical Analyst

I analyze the stock market and conduct technical analysis to provide investment recommendations. I look forward to having a conversation with you in our in-house seminars and presentations to identify good risk-reward trading strategies together. I graduated from Nanyang Technological University with a Bachelor of Accountancy (Honours).

Get access to all the latest market news, reports, technical analysis
by signing up for a free account today!