No expert here but think that after so much negative OP and commodity sentiment in comparatively recent past that recent market indicators are signaling a more bullish sentiment and that likely to add substantial premium to your prediction.
How much? Couldn't say but market sentiment is a huge driver.
Another point is that STO has been exposed to a very high level of shorting in the past. Constantly on Shortman for ages showing large volumes. As SP rises shorts move out and this adds a big bonus as well as I understand it.
These 2 points alone are capable of making your prediction of SP appear pessimistic if I am correct.
Overall I think the coming week of trade is going to show a serious upward trend and if I were a shorter I would be pretty nervous about my position about now.
But like I said at start I'm no expert so DYOR.
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Last
$6.98 |
Change
0.050(0.72%) |
Mkt cap ! $22.66B |
Open | High | Low | Value | Volume |
$7.04 | $7.09 | $6.98 | $56.29M | 8.036M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 19356 | $6.98 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$7.01 | 39795 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2800 | 6.970 |
1 | 431 | 6.960 |
2 | 452 | 6.950 |
1 | 2294 | 6.940 |
1 | 7 | 6.930 |
Price($) | Vol. | No. |
---|---|---|
7.020 | 14152 | 2 |
7.030 | 5000 | 1 |
7.040 | 5000 | 1 |
7.050 | 12000 | 2 |
7.060 | 5000 | 1 |
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