STO 1.88% $7.60 santos limited

stand by for CR, EPS downgrade, writedowns, page-88

  1. 41,964 Posts.
    lightbulb Created with Sketch. 1017
    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.
 
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Last
$7.60
Change
0.140(1.88%)
Mkt cap ! $24.60B
Open High Low Value Volume
$7.50 $7.61 $7.48 $46.91M 5.991M

Buyers (Bids)

No. Vol. Price($)
23 662413 $8.36
 

Sellers (Offers)

Price($) Vol. No.
$6.08 75225 1
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Last trade - 15.59pm 21/06/2024 (20 minute delay) ?
STO (ASX) Chart
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