Two clear breaches of the 30 Week WMA, both on strong volume. On the cusp of a breakout above $2.83. However, earnings dependent as half yearly fins released shortly.
Strong buyers have broken previous supply level with confirmed increase of volume
Next level of supply would be target which ties in with Fibonacci levels
South32 share prices have cleared 2.80 price point barrier following a rebound from the bottom of the price channel in the four-hour price chart. Share prices gained more than 2.5% in today's trading session and could continue to its next challenge at 3.05 price target if it remains above 2.80. Support remains at 2.70, 2.65, 2.55, and 2.50
S32 gap down yesterday then finish the day on a high, on the daily chart it is showing a inverted head and shoulder pattern. So we might see bullish day for this stock.
Watching this stock today with a short bias, due to its gap up with a bearish shooting star on the 13 ema. the key level is $4 it cant break through, its try 4 times already, might slip to $3.68 then bounce off of the 50 ema. or the alternative it could be a up trend pull back, but the last candle is not helping its case.
S32.ASX continued its run to the upside with a price gap in today's trades 14/1/2019. S32 share prices have breached 3.45 resistance in the first hour of today's trades and need to maintain its trading activities above 3.45 to continue to its next target at 3.50.
S32 share prices could pull back to around 3.38 support if it fails at 3.45
Share price value has risen 14 % within one month since I pointed out the change of direction to the upside. Share prices seem to be moving steadily within the upward price channel and the wedge price pattern after creating a price gap to the downside on 23rd of April 2018.
Share prices are now approaching a critical resistance point at around the 4.00 mark. A...
-27 Week drooping H&S pattern
-Potential 5 Week symmetrical triangle launching pattern
-30EMA and Bollinger Bands on a daily scale are forming to align with the short side but would not be what I call imminent signals
Will risk 100 to 150 basis points on breakout of larger pattern
1. We have two price gaps to fill at this current stage. 3.49 to the upside and 3.14 to the downside.
2. Prices are currently trading above its 500 moving average and also just above 3.30 support. the next resistance is at around 3.34
3. A break below 3.30 support could see prices fall to around 3.14 to fill the price gap.
4. A break above 3.41 could see prices...
South32 Ltd. operates as a metal and mining company. It operates through the following segments: Worsley Alumina, South Africa Aluminium, Mozal Aluminium, Brazil Alumina, South Africa Energy Coal, Illawarra Metallurgical Coal, Australia Manganese, South Africa Managanese, Cerro Matoso, and Cannington. The Worsley Alumina segment offers bauxite mine and alumina refinery in Western Australia. The South Africa Aluminium segment offers aluminium smelters at Richards Bay, South Africa. The Mozal Aluminium segment includes aluminium smelter in Mozambique. The Brazil Alumina segment covers alumina refinery in Brazil. The South Africa Energy Coal segment comprises of open-cut and underground energy coal mines and processing operations in South Africa. The Illawarra Metallurgical Coal segment consists of underground metallurgical coal mines in New South Wales, Australia. The Australia Manganese segment produces manganese ore in the Northern Territory and manganese alloys in Tasmania. The South Africa Manganese segment involves in the production of ore and alloy in South Africa. The Cerro Matoso segment includes laterite ferronickel mining and smelting complex in Colombia. The Cannington segment explores silver, lead, and zinc. The company was founded in May 2015 and is headquartered in Perth, Australia.
This website uses cookies to ensure you get the best experience on our website. To learn more about cookies, including how to control cookies, please read our Cookies Policy.
S32
