Today's down move is why I try and at least glance at the shorting data. It pays to not go against the shorters when they are right more often than not.
This always looked like it would be sold into regardless of if the report was good. It's overbought and in a heavy resistance area.
Still think Santos is likely in the early satges of a long term uptrend. Have to see how far it pulls back. Perhaps a retest of $12.80ish.
The guidance miss itself seems relatively minor from a long term perspective.
Today's down move is why I try and at least glance at the...
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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 |
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| Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
| STO (ASX) Chart |