hprotein
Long

STO Long for 1st July

ASX:STO   SANTOS FPO
19 0 3
on 30m frequency,

technical analysis using the CHAN theory:

comparing the two vertical region, the first drop is very much stronger than current one. While the "central region" in the middle is holding current movement of price. This concludes that the downward momentum has been depleted, and it should favour upwards movement.

technical analysis using MA:
MA34, MA144, MA233 all supporting price around 4.62
MA89 is however a resistance line combined with upper bound of BB at 4.72



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