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jazziej
Mar 2, 2022 12:10 PM

STO - Vol Profile Trade Long

SANTOS LIMITEDASX

Description

ASX:STO

LT EMA trend bullish, ST EMA trend starting to turn bullish. Bulish volumes starting to dominate.

Two potential nodes identified. The POC at 6.34 which is the POC of the last 4 years.

The other is around the 6.90 node, the POC of the last year where the stock has been ranged bound.

I'm placing my trade entry around the long term POC, wait for the pullback to the 6.40 level for the entry.

Let me know what you think?
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