Hi all,
This is a fun stock to trade isn't it. Excellent demonstration of Fib Elliot Gann in action. At the moment STO is approaching a 61.8% retracement at $6-48. The appropriate base to use is the last full 61.8% retracement at $5-84 in March. 50% at $6.66 has been broken today, and there is no sign of a relief bounce just yet, so $6-48 may come sooner than later.
Same situation as back in March this year when I called the bounce at $5-85. This time it's a buy at $6-48.
Looking for signs of reversal first of course!
Haven't had a thorough look at the report yet, but seems there is nothing so completely suprising that might see a breach of $6-48. 200 day is also around here, and FWIW the bottom trend line.
Cheers,
Christian
madmacs,gse et al - ta
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Last
$7.64 |
Change
0.030(0.39%) |
Mkt cap ! $24.81B | |||
| Open | High | Low | Value | Volume |
| $7.59 | $7.68 | $7.56 | $51.32M | 6.734M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 2261 | $7.64 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.65 | 754 | 1 |
View Market Depth
| Last trade - 16.10pm 08/08/2024 (20 minute delay) ? |
| STO (ASX) Chart |