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.
No expert here but think that after so much negative OP and...
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Last
$7.84 |
Change
0.100(1.29%) |
Mkt cap ! $25.46B | |||
| Open | High | Low | Value | Volume |
| $7.80 | $7.89 | $7.80 | $44.20M | 5.631M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 2389 | $7.83 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.84 | 129419 | 3 |
View Market Depth
| Last trade - 16.10pm 29/07/2024 (20 minute delay) ? |
| STO (ASX) Chart |