$SANTOS
Currently around $5.15 after an 8.1% pullback - but here's what's really interesting: despite today's dip, we're still up a massive 53.2% from last week. That kind of weekly gain tells a bigger story.
Key levels I'm watching:
$5.00 - Critical support zone
$5.50 - Immediate resistance to break
$4.80 - Must hold level if we dip further
Today's pullback looks more like healthy profit-taking after that monster weekly run. Remember, nothing goes up in a straight line. This cooling off period might actually be good for building a stronger base.
Volume patterns suggest big players haven't left the party - we're seeing dips get bought up pretty quickly. RSI finally getting some relief after being overbought on multiple timeframes.
The real question now? Whether this 8.1% dip is a chance to add or a warning sign. Personally watching how price behaves around $5.00 - holding this level could set up the next push higher.
Quick tip: In this kind of volatile action, keeping stops tight is crucial. This week's gains were sweet, but markets can turn quick.
