$SANTOS — I have a new plan on SPOT. I'll just turn on notifications and wait for price signals.
Those who have been reading me for the last 4 months know that I have long been saying that there should be a final strong decline of SANTOS.
So, until the price drops into the $1.9–$1.7 zone, there can be no talk of #tothemoon .
This could be a squeeze with a buyback to the $2.2 level and a gradual trading in the $2.2–$2.5 zone.
(Yes, I considered different scenarios and expected everything to happen faster. I may be wrong now.
But what is visible today on the chart #SANTOS only confirms my earlier expectations.)
A schematic chart of new expectations is in the image
(chart 8H).
Modeling the situation, I see that technically this could happen within the next 1.5 months, that is, closer to August
(but this is not certain, just an assumption).
And in the meantime, I'll just turn on notifications and wait for price signals for both declines and increases.
Until then, there's nothing to do here!
And, by the way, all news, good and bad events, are already priced in.
That is, the rise or fall will not happen because of the news, but because that is the market maker's plan.
And the news is just a reason to implement that plan.
Good luck to everyone and see you after the decline!
(chart 8H)