See how the Descending Triangle is playing out for SATS. View live chart.
Bearish continuation pattern.
SATS is showing interesting structural developments at $109.17. With a last close of $109.17, volatility remains active (-2.26%). Price action has carved out a classic Descending Triangle. Volume is strong (1.66x avg) with moderate trend strength (29.4). A potential breakout level is identified at $104.14, targeting $61.03 with support near $131.22 (R:R 1.59).
What is your outlook on SATS?