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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 2)blue will pull back lower, giving us better trade setups. So just watch this stock until wave 1)2)blue completes, and price pushes higher above the Confirmation Point (Wave B of wave 2)Blue) at which point the bullish trend could move much higher. ©By Hua Chi Cuong (Shane), CEWA-M
ASX:STOLong
by ShaneHua
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 this point, it's uncertain what will occur next, as Leading Diagonals typically follow a decline. The support level is around 0.786, where the price is still holding higher. Therefore, we shouldn't dismiss the possibility of Santos Limited continuing to decline slightly, as indicated by the alternate wave count in purple. In summary, wave b (circled, green) hasn't yet concluded, so wave c (circled, green) will likely revert to the alternate wave count. However, I anticipate a Bull market with wave 3 (circled, green) moving higher, as long as the low at 6.57 remains intact. (Right chart) Now, turning to the short-term outlook (4-hour chart), it reinforces the discussion. There are a few scenarios to consider here: as long as the low of 6.99 holds, the bullish outlook remains valid. Conversely, if the low of 6.99 is breached, we'll see the alternate wave count described in the broader context come into play.
ASX:STOLong
by ShaneHua
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 develop in downtrend conditions. Breakouts can also happen in both directions. Statistically, upward breakouts are more likely to occur, but downward ones seem to be more reliable. Price is in an interesting area here. Strong resistance around 8.4 Depending on your strategy offers a great RR. Regards,
ASX:STOLong
by TheCoinsofCharon
1
Divergence STO (any other Energy & Natural Gas ASX Listed)STO LONG thesis is pretty simple. Energy companies generally have a high correlation to their underlying commodity. In recent times a gap has opened up (illustrated by yellow line) Oil & Natural Gas have moved higher substantionally YOY% STO share price has come off, potential risk could be this seismic shift to green energy and flow of funds to those projects and companies. My opinion is that this gap will close as oil and gas continue to rally in $$$. Disclaimer - this is not investment advice, just an observation and should be taken as such. Do your own research. Thanks.
ASX:STOLong
by markstone
Santos share prices break the downtrend channel at 5.08Share prices made the vital break out of the downward price channel in yesterday's trades in the H1 time frame after falling from 5.86 in August 2020. The critical price level to watch is at around 5.18 and 5.35, a break above 5.35 could see share prices head towards the 5.80 targets. The current critical support and resistance estimates on the price chart are based on my indicator, predicting future price movements based on price action. Critical support level estimates - 5.18, 5.08, 4.90, 4.73, and 4.56 Critical resistance level estimates - 5.35, 5.45, 5.63,5.80, and 5.97
ASX:STO
by Rotuma
SANTOS 20% INCOMINGSANTOS (ASX:STO) After a great market Announcement on 28.05 (completing ConocoPhillips Acquisition) we have bounced off support of this ascending wedge and its crunch time. 20% to close the major GAP left by th COVID Crash. -Respecting Trend of Ascending Wedge (Haven't broken Bearish) -About to Break Ichimoku Cloud -RSI not Severely Overbought -Conversion Line has crossed Base Line back on 21st APR and is still holding spread -Lagging Line showing us respecting trend but we are approaching a double top -Testing 100 EMA strongly Due to the price Mid Major GAP, Still respecting Trend and testing the 100 EMA strongly. I am confident we will see a break through Ichimoku Cloud and close of gap @ 6.51 which is also a Major Resistance area & lines up with -0.27 FIB Extension Stop loss is below PREVIOUS Structure and Below 0.236 Fib Retracement Level. Risk/Reward sitting at the minimum 2:1 Testing Week for SANTOS. These Ideas are NOT 'Financial Advice'!. Scenarios are based off a mixture of TA and Fundamentals current at the time. All IMO GLTAH. Happy Hunting!!!
ASX:STOLong
by Trader_Johnni
STO, Santos Limited - Breakout on Cup & HandleTechnical analysis is applied in all regulated financial markets, and the higher the capitalization, the more we get the statistics of Winrate % and Risk Reward that we know and that is why we filter certain companies based on their economics. Our strategies use classic technical analysis, spreads on some commodity futures, the purchase of shares with options hedging, the sale of options and some special strategies in Forex. Everything always starts from the allocation of capital according to a certain model of money management. Only with the strict discipline of all this you can be profitable in the long run. Do not believe in fairy tales if you plan to make steady profits over 40% per year, it's just luck that it will end soon and very badly.
ASX:STOLong
by SwissTradingSchool
1