SATS Ltd, is an integrated ground handling and in-flight catering services at Singapore Changi Airport. If SIA is still struggling for profits in the crowed skies and we are expecting more planes land in Singapore, i guess SATS is always there...waiting for for the planes to land, to service them.
SATS Ltd has a good run since Nov 2012. From a low of 1.960, it reached a recent high of 3.090, up almost 57%. And it is currently still trending above the upward sloping support line. The current immediate support and resistance line is at 2.90 and 3.00 respectively. While it is possible for SATS Ltd to continue its run to a high of 3.240 but a break below the upward sloping line followed by a move below 2.850 may signal the possibility of deeper pullback.
