STO 0.00% $7.94 santos limited

Don't see a chart thread here, so I'm starting one.STO looking...

  1. 30 Posts.
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    Don't see a chart thread here, so I'm starting one.

    STO looking like it's setting up for something on the upside/reversal. Rationale for this:

    1) Big inverse head and shoulder on monthly since Dec 14, with left shoulder having larger vol than right shoulder (fits the textbook definition)
    2) Cup and handle continuation forming since Oct 18
    3) Resistance tested multiple times at 7.50
    4) MA all trending upwards and healthy; 200MA flipping bullish upwards

    Sitting on the sidelines for now. I'm waiting until I see confirmation of a breakout to buy. Once that happens 1st target @ 9.80 and 2nd target @ 12.30.

    https://hotcopper.com.au/data/attachments/1590/1590995-e8ce75344c345d9837d38314e5025d82.jpg
    https://hotcopper.com.au/data/attachments/1590/1590998-98e389212cd954d9f9887bc8348926ef.jpg

 
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$7.97 $7.99 $7.93 $47.72M 6.006M

Buyers (Bids)

No. Vol. Price($)
4 67051 $7.94
 

Sellers (Offers)

Price($) Vol. No.
$7.95 2000 1
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Last trade - 16.10pm 12/07/2024 (20 minute delay) ?
STO (ASX) Chart
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