Santos Not recovering - Short
Santos with Oil and Gas assets in Australia,
Has been marked down dramatically with the general rout of Energy stocks.
With the strong recovery of the past 2 days in the general market, Santos has not recovered and remains at weekly lows below the GFC low of $9.32.
Primary trend is down. Further weakness could see $8.32 tested. This level must hold to consider buying the “dip”
A closing price inside support would give weight to a long position.