possible invese head and shoulders . plan : wait for the market to break out of the neckline (BUYZONE), wait for a testback and close above the neckline
Completed pattern and a forecast target as shown on the chart is for educational purposes only.
2.10 - 2.11 is key area of support. Already been retested. Confirmed at the .382 Fibbonaci retracement level Over the hourly and 4 hourly time frames the 20, 50, 100, 200 ma level acting as a support. On the daily looks as tho the 20 MA might retest the 200 level. These are very strong indicators of a strong upward trend occuring. I believe the price will test...
S32 breaks away from 2.05 support and heads towards 2.12. A break above 2.12 could see prices continue to around 2.20
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
Strong buyers on daily chart to commence a breakout to fill gap to 1.618 Fib extension as highlighted Weekly supply area
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.
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
Strong volume upthrust on the daily, approaching $2.83 resistance.
$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