An energy company on the rise and a step away from a buy entry setup

Potential Buy Entry Alert STO

STO – Santos Limited

STO is holding a minor support and showing some good signs of strength. It has been on the radar for a while and now looks a few steps away from an entry setup. We are watching for confirmation that buyers are taking control so want to see a minor pullback to build the higher low for the entry. Price is stretched at current levels so will need to clear out a few late buyers prior to a move up.

 

Stock Code : STO – Santos Limited

Company Website : www.santos.com

Current Price : 5.16

Status : On watch for buy entry setup