SteynTrade
Long

JSE:S32 South32 Retest of Breakout

JSE:S32   SOUTH32 LIMITED
After the breakout in September South32 had pulled back to the breakout level (see previous post in the link below). This retest can be used to provide a tight stop and a good RR ratio as the stock continues to the overbought trend line .
Oct 31
Comment: After a strong pullback to the trading range. S32 has found support at a volume cluster and is responding positively.
Nov 25
Comment: S32 is showing weakness. Price has broken back in to the TR and broken the upward stride. Will have to see if the 3000 level will hold.
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