Currently, for STO $3.10 is reference point. If STO trade's around $3.10 that for few days and holds firmly, then it will make a good entry. In case it does not hold, on oil price weakness, it may retract back to $2.50 at same speed as it is rising.
Yesterday and today Fund Managers are busy covering their shorts. That is why you saw sharp jumps today. same happened to ORG yesterday. On any oil weakness, Hedge Fund Managers will start going short again.
(DYOR : It is money market where anything is possible)
Quarterly, page-26
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Last
$6.92 |
Change
-0.100(1.42%) |
Mkt cap ! $22.47B | |||
| Open | High | Low | Value | Volume |
| $7.01 | $7.02 | $6.89 | $38.98M | 5.618M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 40697 | $6.91 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.92 | 1000 | 1 |
View Market Depth
| Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
| STO (ASX) Chart |