STO – SANTOS Ltd

These extracts from my trading diary are for educational purposes only and should not be interpreted as investment or trading advice: Terms of use

Code:

Company Name:

Sector:

Size:

Confirmed Trend:

STO

Santos Ltd

Energy

ASX Top 50

Commentary:

Santos Ltd has made a trend line exit signal and a Dow Theory exit signal in December and November 2009 respectively. Because of this, Santos is considered technically to be in a down trend.

For the up trend to resume, 2 closes above the down trend line (currently around $15.50) would be necessary according to trend line theory.

Click the chart below to enlarge: