Don't slack with this counter SATS...

Inaction causes money and emotional pain! At least that happens to SATS. Let's take a look at the technical chart for this counter. The stock form a sort of five tops at 2.95 (circled), showing immerse resistance at that area. And then price falls through the 150MA with increased volume, and then again through the 6 months trendline. At the end of Jan, it is very near to the horizontal support 2.76, and this is a big alarm. For those who are long this counter, this is the signal to sell all your holding. On the first trading day of Feb, price pulls back to the white trendline but fails to push higher (note: pullback was done at lower volume). Last week, price take out critical support and today off it goes. Mid term, I'm seeing 2.50 as a possible target to cover short.

Exits are more important than entry.