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Wednesday, February 25, 2015

SATS Limted

SATS has successfully breakout from a downtrend line has closed with a higher high today at $ 3.13:

Updated ( March 1, 2015 ) : 
The same stock in Point & Figure Chart which provide unambiguous price target projection by mean of vertical count method :

Please note, however, that the word "unambiguous" does not mean infallible. Also, it will be naive to think that prices will rise in an uninterrupted fashion to reach the price target of $3.428 from here without any pull back in between. Instead, this price target is a mid term target ( few weeks to few months ) after surviving from a series of up and down moves.