Santos is grinding lower in search of buyers to continue the move higher

Potential Buy Alert STO

 

STO – Santos Limited

STO is looking good for a long term move higher but still has some work to do to prove to buyers its heading higher. Price has pushed up off a major support around 3.00 up through 5.00 to 5.67. Price action has contracted off the highs to squeeze out some of the late buyers so we are now watching for higher lows to hold to build the buy entry setup

 

Stock Code : STO – Santos Limited

Company Website : www.santos.com

Current Price : 5.045

Status : On watch for buy entry setup