Todays price action was terrific... STO has to continue its upwards movement from here as if it corrects, it might close the gap left behind. Personally, I think this takeover offer was a bit of a joke. Not sure about how strict is the takeover bid process, but if this group was really serious, they would do their analysis and make a proper offer, but that's what I think, what the market will make of it is a different story.
As I posted previously, usualy high volumes preludes the turns in the market. Today's volume was high but not as high as of the $4 bottom. Certainly, loads of shares changed hands today, like it did @$4. I'm guessing who took positions and who left this stock. Tomorrow will tell if it was distribution or accumulation... Chart below.
Where to from here???
-
- There are more pages in this discussion • 21 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add STO (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$7.99 |
Change
-0.010(0.13%) |
Mkt cap ! $25.94B | |||
| Open | High | Low | Value | Volume |
| $7.94 | $7.99 | $7.91 | $57.52M | 7.230M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 43873 | $7.98 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.99 | 1829 | 2 |
View Market Depth
| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| STO (ASX) Chart |