South32 living up to its name - Target R37.31

Inv Cup and Handle formed on S32 and the price broke below.
Not the momentum is picking up and things aren't looking good for it.
We have other indicators...
200>21>7
RSI<50
Target 1 will be at R37.31. But I'll update as we go.

ABOUT THE COMPANY

South32 is a global mining and metals company.

South32 was founded in 2015.

The company was initially a part of BHP Billiton before it was spun off as a separate entity.

The name "South32" is derived from the latitude line that links its two main hubs in Australia and South Africa.

South32's portfolio includes operations in mining and production of bauxite, alumina, aluminum, coal, nickel, silver, lead, and zinc.

South32 operates across several continents, including sites in Australia, Africa, and South America.

The company's headquarters are located in Perth, Western Australia.

South32 is listed on three stock exchanges: the Australian Securities Exchange (ASX), the Johannesburg Stock Exchange (JSE), and the London Stock Exchange (LSE).

One of its significant assets is the Cannington mine in Queensland, Australia, one of the world's largest producers of silver and lead.