If this were the case, the stock price of STO wouldn't close on such large volume below the key 200 EMA which is the standard for "long term investors". I call lies, to offload more shares. Generally gotta go the opposite sentiment to mainstream and retail.I call fabrication but I do like that they have highlighted potential negatives. The merger although confirmed, is all still speculative. Nothing concrete at all IMO.
Lots of Investor Caution in that list by 3 Financial Institutions.
To get the deal across ACCC gonna need bribing by divesting assets, which then change the nature of the merger in itself and would need to be re-valuated. it's all alittle SOUR I think. Trappy as
Big Boys if they don't hold these levels they will sell it down to $6 a share.
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Open | High | Low | Value | Volume |
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5 | 3230 | 6.800 |
3 | 16037 | 6.790 |
3 | 19216 | 6.780 |
1 | 4000 | 6.770 |
Price($) | Vol. | No. |
---|---|---|
6.840 | 11650 | 1 |
6.850 | 20000 | 2 |
6.860 | 16950 | 2 |
6.870 | 1500 | 1 |
6.880 | 6432 | 4 |
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