$SATS LTD.(S58.SI)$ Bearish mo

$SATS LTD.(S58.SI)$ Bearish momentum seems to be strong as insuffient bulls to counter the bears. If price don't hold above 2.9, we may enter a free fall back down to 2.3-2.34 at the bottom of the decending triangle channel. With economic uncertainty in US trade war and currently overvaluated SG market a potential further drop below current support can be factored in.

I will avoid buying unless it reaches the bottom of the decending triangle or shows signs of daily uptrend reversal.

Monthly time frame for technical analysis.

#Notfinancialadvice

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Comments

Thlee
04-17
Thlee
Hi Hi, is this Sat can ready to buy now? What is the resistance and support?

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If price don't hold above 2.9, we may enter a free fall back down to 2.3-2.34 at the bottom of the decending triangle channel. With economic uncertainty in US trade war and currently overvaluated SG market a potential further drop below current support can be factored in.&nbsp;\n \nI will avoid buying unless it reaches the bottom of the decending triangle or shows signs of daily uptrend reversal.[Happy]&nbsp; [Happy]&nbsp;&nbsp;\nMonthly time frame for technical analysis.\n#Notfinancialadvice\n <img src=\"https://community-static.tradeup.com/news/8a42a9cabb79f90b94f61b35197b9555\" tg-width=\"2868\" tg-height=\"1320\"></body></html>","htmlText":"<html><head></head><body><a href=\"https://ttm.financial/S/S58.SI\">$SATS LTD.(S58.SI)$&nbsp;</a><v-v data-views=\"0\"></v-v> Bearish momentum seems to be strong as insuffient bulls to counter the bears. If price don't hold above 2.9, we may enter a free fall back down to 2.3-2.34 at the bottom of the decending triangle channel. With economic uncertainty in US trade war and currently overvaluated SG market a potential further drop below current support can be factored in.&nbsp;\n \nI will avoid buying unless it reaches the bottom of the decending triangle or shows signs of daily uptrend reversal.[Happy]&nbsp; [Happy]&nbsp;&nbsp;\nMonthly time frame for technical analysis.\n#Notfinancialadvice\n <img src=\"https://community-static.tradeup.com/news/8a42a9cabb79f90b94f61b35197b9555\" tg-width=\"2868\" tg-height=\"1320\"></body></html>","text":"$SATS LTD.(S58.SI)$ Bearish momentum seems to be strong as insuffient bulls to counter the bears. If price don't hold above 2.9, we may enter a free fall back down to 2.3-2.34 at the bottom of the decending triangle channel. With economic uncertainty in US trade war and currently overvaluated SG market a potential further drop below current support can be factored in. I will avoid buying unless it reaches the bottom of the decending triangle or shows signs of daily uptrend reversal.[Happy] [Happy] Monthly time frame for technical analysis. #Notfinancialadvice","highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":4,"favoriteSize":0,"link":"https://ttm.financial/post/412581873779184","repostId":0,"isVote":1,"tweetType":1,"viewCount":971,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":["S58.SI"],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":476,"optionInvolvedFlag":false,"xxTargetLangEnum":"ORIG"},"commentList":[{"id":425357939073104,"commentId":"425357939073104","gmtCreate":1744855792959,"gmtModify":1744855797865,"authorId":3576414192058115,"author":{"id":3576414192058115,"idStr":"3576414192058115","authorId":3576414192058115,"name":"Thlee","avatar":"https://community-static.tradeup.com/news/b130f85ab8b57b336196741dc0a16c03","vip":1,"crmLevel":6,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":412581873779184,"objectIdStr":"412581873779184","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"Hi Hi, is this Sat can ready to buy now? 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