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.