Stocks to Watch Echostar Corporation (SATS US)$EchoStar (SATS.US)$ Daily Chart -[BEARISH ↘ **]SATS US is moving downwards. We expect price to drift towards 20.80 level and take a pause before drifting lower towards 17.89 support level. Technical indicators are advocating for a bearish scenario as well. Alternatively: A daily candlestick closing above 20.80 level would open for push towards 25.89 resistance level. Shopify Inc (SHOP US)$Shopify (SHOP.US)$ ...
▪️ SATS shares are trading 4.8% higher at $3.92 as of 915AM, its highest since 25 August 2022 ▪️ This morning's share price surge is met with higher than average trading volumes for this time of the day too. 1.67 million shares exchanged hands as of 907AM, eight times the 20-day average of 220,468 shares for this time of day ▪️ SATS is currently the STI's second top index performer for the year, with gains of 41.8% year to date, com...
I bought$EchoStar (SATS.US)$because it has reached a deal to sell its under performing satellite TV and thus avert bankruptcy. I also added$Viasat (VSAT.US)$as this satellite stock is undervalued due to its huge debt and competition from starlink. But, it is poised to make a comeback with its tie up with Oneweb. Lastly but not least,$Occidental Petroleum (OXY.US)$, Buffett favourite stock was bought. Due to low oil price, it is unloved at the moment but if oil pric...
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Echostar Corporation (SATS US) $EchoStar (SATS.US)$
Daily Chart -[BEARISH ↘ **]SATS US is moving downwards. We expect price to drift towards 20.80 level and take a pause before drifting lower towards 17.89 support level. Technical indicators are advocating for a bearish scenario as well.
Alternatively: A daily candlestick closing above 20.80 level would open for push towards 25.89 resistance level.
Shopify Inc (SHOP US) $Shopify (SHOP.US)$
...
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$SATS EchoStar $EchoStar (SATS.US)$ $IRDM Iri...
▪️ This morning's share price surge is met with higher than average trading volumes for this time of the day too. 1.67 million shares exchanged hands as of 907AM, eight times the 20-day average of 220,468 shares for this time of day
▪️ SATS is currently the STI's second top index performer for the year, with gains of 41.8% year to date, com...
I also added $Viasat (VSAT.US)$ as this satellite stock is undervalued due to its huge debt and competition from starlink. But, it is poised to make a comeback with its tie up with Oneweb.
Lastly but not least, $Occidental Petroleum (OXY.US)$, Buffett favourite stock was bought. Due to low oil price, it is unloved at the moment but if oil pric...
No comment yet