As a side note:
The tell tale in the fake out was the volume. Needed a big bar. Didn't get it. If it does challenge the R3 line and makes a break above it I'd be very wary of buying the break if it's not on sizeable volume.
So fundamentally things are good. SAS should have Commercial contracts pending that will be about to put food on the table in the form of revenue. Satellites launched without a hitch etc. Nothing to indicate anything sinister is going on behind the scenes. People seem to like management yadda yadda.
Market just seems to be pausing (not heavily selling off) because they have been given a 2 month timeline to wait for something to happen. So to me it would not surprise if SAS starts to pip by pip it's way up close to the support line as the market starts to price in upcoming news. The news may be unexpected contract values being the catalyst for a big volume break to the upside.
I guess we will see.
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