Potential profit takers and CFD sellers may be interested in this situation

Santos shares are showing early technical signs of correcting the rally from $13.11. These are:

  • A move below the recent peak after a 5 wave advance
  • Divergence with the Relative Strength Index (RSI)

These signs might be confirmed by a move below the 20 and 200 day moving averages where the share price is now parked

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