SAS Bottom incoming
SAS has had a big sell off after its last CR.
Can Previous resistance become support?? I'm talking about the 200 week moving average which has acted as a resistance historically for SAS.
SAS has broken Bearish out of its Falling Wedge on the daily with the next support in line at .095 and .080 respectively (if we break .10) which are previous resistance's.
Keeping this one on the watchlist and anticipating a bounce off the 200 week MA and a possible trend reversal.
Again confirmation is your friend and its worth waiting to see if this bounce plays out and see if we can change this trend and get above the ema's 16,36 on the daily. If bounce plays out and ema's act as a support that is the confirmation. ( for me ;) may not be for you )
These levels give a potentially great entry opp to a great long term hold in my opinion.Worth noting the Weekly RSI is the most oversold its been since 2008,2012 and 2014 three time its been at these levels there was some sort of a reversal.
Nano satellites that will bring comms to remote parts of the world. Company already generating revenue with 3 diamonds and existing customers.
Can Previous resistance become support?? I'm talking about the 200 week moving average which has acted as a resistance historically for SAS.
SAS has broken Bearish out of its Falling Wedge on the daily with the next support in line at .095 and .080 respectively (if we break .10) which are previous resistance's.
Keeping this one on the watchlist and anticipating a bounce off the 200 week MA and a possible trend reversal.
Again confirmation is your friend and its worth waiting to see if this bounce plays out and see if we can change this trend and get above the ema's 16,36 on the daily. If bounce plays out and ema's act as a support that is the confirmation. ( for me ;) may not be for you )
These levels give a potentially great entry opp to a great long term hold in my opinion.Worth noting the Weekly RSI is the most oversold its been since 2008,2012 and 2014 three time its been at these levels there was some sort of a reversal.
Nano satellites that will bring comms to remote parts of the world. Company already generating revenue with 3 diamonds and existing customers.
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