Australia's largest stock trading and investment forum Australia's #1 stock forum

STO

Click for more information

0.26%

$7.68 santos limited

stand by for CR, EPS downgrade, writedowns, page-101

First 101 Last

Share
Profile

Follow
roulette

778 Posts.

16

21/08/15

09:47

Post #: 15848171
Share

Originally posted by AverageJoe ↑

Most times bear rally = short covering and not genuine buying. The week of 8th March is a sure sign that price struggle past the recent resistance at the time and formed a reversal bar. The rotation of price hitting that weekly resistance was suggesting to me that there was a very likelihood of a triple bottom formation with the DB in place. Some would argue that triple bottom potential is a good sign price should hold but when it doesn't, you see a rush of bull stops gets taken out and bears on the sideline jumps in.

I know Crude is not the real trigger since STO is more a gas play but the correlation of crude to gas is very positive.

Expand

there is evidence of a lagging correlation between crude and lng

STO Price at posting: $5.61 Sentiment: None Disclosure: Not Held
1 Upvote

0 Great analysis

Reply

First 101 Last

Add STO (ASX) to my watchlist

(20min delay)
Last $7.68		Change 0.020(0.26%)		Mkt cap ! $24.69B

Open	High	Low	Value	Volume
$7.57	$7.68	$7.55	$5.514M	725.7K

Buyers (Bids)

No.	Vol.	Price($)
21	22600	$7.67

Sellers (Offers)

Price($)	Vol.	No.
$7.68	62604	26

View Market Depth

No.	Vol.	Price($)
37	26558	7.660
23	31927	7.650
19	33855	7.640
14	19768	7.630
15	94090	7.620

Price($)	Vol.	No.
7.670	19165	24
7.680	54293	20
7.690	28886	14
7.700	37738	15
7.710	35631	13

Last trade - 11.35am 24/05/2024 (20 minute delay)


Last $7.71			Change 0.020 ( 0.73 %)
Open	High		Low	Volume
$7.57	$7.72		$7.55	321424
Last updated 11.54am 24/05/2024 ?

STO (ASX) Chart