Reason : small investors wait too long and see$2.70 all spam selling , but big investors who have tonnes of $2.20 can abosorb most of theshares and even buying higher price they can average down but they still can earn more profits.
$SATS LTD.(S58.SI)$ As all the people , small investors will sell and the big investors like banks who have tonnes of $2.20 will absorb and even buy at a higher price , it will eventually rise above $3.10 in week time .
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