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Jses32

South32 living up to its name - Target R37.31Inv 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.
JSE:S32Short
by Timonrosso
South 32 showing upside to R58.34 but WAIT!Symmetrical Triangle has formed on South 32. But we need to WAIT for the price to break up and out of the apex. That will fulfil the Continuation pattern of the triangle. Also you can see why we have to wait is because of the other indicators. Mixed MAs RSI - Middle Target R58.34 WAIT FOR BREAK ABOUT THE COMPANY South32 is a global mining and metals company headquartered in Perth, Australia. South32 was established in 2015 following a demerger from BHP Billiton (now known as BHP Group - JSEBHG), the world's largest mining company. The company is named after the 32nd parallel south line of latitude where Australia and South Africa, its two original countries of operation, are located. South32 is a multinational company that operates across several continents, including Australia, Africa, and South America. The company is listed on three stock exchanges: the Australian Securities Exchange (ASX), London Stock Exchange (LSE), and Johannesburg Stock Exchange (JSE). South32's portfolio includes operations in alumina, aluminium, coal, nickel, silver, lead, and zinc. The company operates large-scale, high-quality assets, including the Worsley Alumina in Australia, Cannington in Australia, and Hillside Aluminium in South Africa, among others. South32 is committed to responsible and sustainable mining practices and strives to reduce the environmental impact of its operations. HOW IT GOT ITS NAME South32 derived its name from the 32nd parallel south line of latitude. The line of latitude passes through both Australia and South Africa, which were the two primary locations of the company's operations at the time of its inception.
JSE:S32Long
by Timonrosso
JSE:S32 South32 Looking WeakA 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 broken and is being retested. This looks weak and probably is distribution. The recent rally was without any conviction, even though it was over the holiday period.
JSE:S32Short
by SteynTrade