$JSES32 - South 32 Ltd: Contracting Triangle Consolidation
South 32 had a stellar run from March 2020 to March 2022, almost quadrupling in price.
Price has since consolidated and looks to be forming a contracting triangle.
In this case, i view the triangle as a neutral pattern meaning it can breakout to the upside or downside.
Until I see a clear breakout I will sit on my hands on this one.
Price has since consolidated and looks to be forming a contracting triangle.
In this case, i view the triangle as a neutral pattern meaning it can breakout to the upside or downside.
Until I see a clear breakout I will sit on my hands on this one.