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$STO Quick Analysis & Upcoming Move❓
After the recent significant dip—where an exit was previously advised—$STO has formed two key candlestick patterns:
1. Bullish Engulfing Pattern: This appeared right at the bottom of the downtrend. It's a strong bullish signal indicating potential reversal and upward momentum.
2. Doji Candles: These reflect market indecision. However, when followed by a strong green candle, they often trigger a bullish move.
Conclusion: With the bullish engulfing pattern and the confirmation after doji candles,sto is showing signs of recovery and could continue moving upward.
