SOUTH32 LIMITED

JSE

S32

TiggzzPhi 23 views ・

$JSES32 following the break below the rising support, $S32 has now broken below the MA and 2600/25.97 looks more likely on the downside

SteynTrade 42 views ・

S32 has been in distribution which is now complete and the markdown is gaining momentum after breaking the TR.

SteynTrade 80 views ・

South32 is looking at breaking the bottom of the TR range that has been formed. The price action in the TR looks like it has had an upthrust (UT) that caught me when it happened. We have seen a last point of supply (LPS) and now we are looking for a break lower.

africanmatt 26 views ・

Broken H&S Neckline. CCI indicating powerful selling pressure.

zeerotrader 33 views ・

Looking at South 32, we may derive the following from the weekly chart: 1. A noticeable h&s pattern had been formed over the past 2 years. 2. Price is on the neckline support. 3. A push down should trigger the technical pattern. 4. It's pretty dangerous to trade it now, wait for confirmation. 5. As always - maintain your risk management. Let's see what...

ALSITRADER 105 views ・

JSE:S32 Still early days but have this head and shoulders in mind

SchalkLouw 102 views ・

End of week 26Apr19. Another great week for #Coronation & #Naspers. FTSE/JSE All Share Top5 oversold/overbought according to 14day RSI indicator as follow: Oversold: Rebosis Property 30 South32 32 ArcelorMittal 33 Intu Properties 36 Hosken Consolidated Investments 36 Overbought: Coronation 81 Blue Label Telecoms 78 Santam 73 Transaction Capital 72 Super...

Linton 103 views ・

South32 is a globally diversified metals and mining company. They mine and produce bauxite, alumina, aluminium, energy and metallurgical coal, manganese, nickel, silver, lead and zinc in Australia, Southern Africa and South America. In May 2015, South32 successfully demerged from BHP Billiton and listed on the Australian Securities Exchange, the Johannesburg Stock...

SteynTrade 102 views ・

A little like Kumba S32 is looking week in a strong sector. The relative strength to the resources sector is rolling over. I previously looked at the structure as accumulation but this seems to have been an upthrust (UT) that met with supply (Increased volume on UT). The volatility to the downside has increased from 19 to 28 to 34%. The upward stride has been...

SteynTrade 93 views ・

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.

SteynTrade 45 views ・

South 32 (S32) has broken key resistance at R40 on Friday and made new highs. With the push in to the level for the fourth time we could see good volume before the break. With the trend up we see relatively low volumes indicating that there is very little sellers in the market and they are holding onto their stock. We can expect a good push up to the overbought...