STO building up for a break outOIL price is dead while other commodities are rocketing up. Major disconnect in GOLD and OIL prices. I am overweight on WDS so I think i'll pick up more STO,
which also pays a solid dividend. I will average down for more STO and wait for
the imminent breakout. I picked up the gold miners when
Santos Ltd.
No trades
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0.32 USD
1.22 B USD
5.46 B USD
About Santos Limited
Sector
Industry
CEO
Kevin Thomas Gallagher
Website
Headquarters
Adelaide
Founded
1954
IPO date
Oct 1, 1954
Identifiers
3
ISIN US8030218072
Santos Ltd. engages in the exploration, development, transportation, and marketing of natural gas. It operates through the following segments: Cooper Basin, Queensland and New South Wales, Papua New Guinea, Northern Australia and Timor-Leste, and Western Australia. The company was founded by Reg Sprigg, John Bonython, and Douglas Mawson on March 18, 1954 and is headquartered in Adelaide, Australia.
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Bullish potential detected for STOEntry conditions:
(i) breach of the upper confines of the Darvas box formation for $ASX:STO.
- i.e.: above high of $8.02 of 16th June (most conservative entry), and
(ii) swing up of indicators such as DMI/RSI.
Stop loss for the trade (based upon the Darvas box formation) would be:
(i) below the sup
ASX:STO - 15 AUG, 2025 ELLIOTT WAVE ANALSYSISConclusion: Wave 3))purple continues to move higher.
Key Points: We are in an Extended Wave, specifically the 1)blue of wave 3))purple, which will basically continue to move higher, aiming for the nearest level at 11.32 or higher at 15.00.
In the short term, wave 1)blue may complete, and then wave
STO: March 5, 2024STO (Santos Limited) || March 5, 2024
Master of Elliott Wave Analysis: Shane Hua (CEWA-M)
(Left chart) In the broader context, we observe a price increase following a Leading Diagonal pattern, which concluded at 7.98. Subsequently, there's been a three-wave decline labeled ABC(circled, green). At t
Long Santos #STO #ASX # ASX200 # Trading #breakoutHi all,
An ascending triangle is classified as a continuation chart pattern.
Continuation patterns are expected to lead to the continuation of an existing trend.
While the ascending triangle is considered a bullish continuation pattern, exceptions are quite possible. It’s not infrequent to see it
STO - Vol Profile TradeASX: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
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Summarizing what the indicators are suggesting.
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
An aggregate view of professional's ratings.
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
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