STO 1.49% $6.82 santos limited

STO chart, page-4

  1. 708 Posts.
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    Alexishab, I really like how this is shaping up.  The reaction off the daily double bottom (june and July) was a classic technical reaction to buyers seeing value at these prices. In my studies I look at weekly charts, and although the longer term trend is not established, we can see it's fomenting.

    I'm looking at $3.50 as a divider right now, mainly because there's been a few weekly bars at this level where >70M shares traded. I represent these on an candlevolume chart - the wider the candle the greater the volume (the arrow markers are justified to the left of the high volume candle. There seems to be be volume flow at this level, so trading over and above $3.50 would be the next bullish sign.  
    (apologies for the crosshair i left on on the chart)

    STO-EquiVol-2017-07-28 21-43-38.jpg

    If we look at a log chart below of the weekly, we can also draw a trend line that has proved effective as a mean reversion during the downtrend from 2015 to now. You can see that even next week's bar may attempt to tackle the $3.50 mark. Movement above this level would buck the typical reversion, another sign that a trend change may be in play.  

    STO-2017-07-28 21-51-42.jpg
 
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Last
$6.82
Change
0.100(1.49%)
Mkt cap ! $23.02B
Open High Low Value Volume
$6.72 $6.84 $6.71 $42.88M 6.307M

Buyers (Bids)

No. Vol. Price($)
1 13309 $6.82
 

Sellers (Offers)

Price($) Vol. No.
$6.83 58478 6
View Market Depth
Last trade - 16.10pm 18/11/2024 (20 minute delay) ?
STO (ASX) Chart
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