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2 years ago

STO Trades below support.

Santos having reported badly on the 28th November 2014 has continued to consolidate between $7.10 and $8.50.
Today the price has Gapped down below the support at $7.09.
This sets up a short sell price target of $5.90 with a stop at $7.12.
Volume increase in the past 2 trading days supports further weakness.

STO