The share traded quite strongly recently reaching around R51 before pulling back again. Currently is trading below yellow TL resistance but ideally would like to buy it for a long around 42.50 - 43.00 (TL support). Should it overshoot, a better buying opportunity could be presented around R40.
RSI Above 40 Neutral MACD Above 20, 30, 50 ma Target = previous high
SOUTH32 is one of the great stocks you can have on you're portfolio. Looking at this chart South32 looks to be in a bearish channel forming a bullish flag. South32 is currently trading @R47.45 and I think it may drop to R37-R33 where I believe it can get a great support. South32 could do the opposite if commodity prices could increase.
Note: Funcharts are interesting charts I have found that offer a potentially unique perspective on a stock. Sometimes I’ll throw something out there that you might find controversial or wrong headed. If that’s the case your 2 cents worth is most welcome. South32 (S32) on the ASX has been led by Gold (GLD) by 139 days through history. Go ahead and check out the...
HOW TO BUY DIPS. use this strategy every time we had massive momentum in price to catch the falling knife or to ride it.
Above 4550 supports a bullish trend direction. Upside price momentum supports the bullish trend. RSI leaves enough room for further upside potential. Higher highs and higher lows support the trade idea. MACD bullish crossover is also applicable.
The stochastic, MACD and the 2 EMAs have all crossed, signaling a long position on JSE:S32 .
The t/p target was maybe a touch too aggressive considering the previous high in the background. The high was tested and holds for now. Curious how price will react with the LML, and if the ML set is valid. There are some alternate entries, which show better RR, and less ‘time in the market’ once the ledge had broken. You don't always have to be first. The first...
ENTRY: 3.71 SL: 3.36 TP: 4.07 - ADX<20. Would like to be higher. - RSI>50,RSI<70 - Daily RS +ve - Daily FFI +ve - Daily MACD +ve - Weekly RS +ve - Weekly FFI +ve - Weekly MACD +ve - Retracement since hit high on 14 Oct 2021 - Possible hidden buying on 30 Nov 2021 and followed up with 2 days of above average volume.
S32 commodities Alumina Aluminium Bauxite Metallurgical Coal Lead Nickel Manganese Silver Zinc
S32 LONDON version see the text book rotation of gradients in the bullflag. One left to clear and boom!
That is a seriously aggressive bullflag on S32 Yea right inflation is transitory! That's why S32 is into orbit
Cheech and chong-sized bullflag there! Boom. TIme for a little pullback then away again!
Bullish Confirmation Indications Recent price action has confirmed a reversal by pumping upwards and forming a higher high. 1. Price has formed a higher high 2. It has formed a Golden Cross 3. Recent consolidation at Resistance indicates that the stock price is facing a hard time continuing up 4. The price is at 78.6% Fib Retracement level of $2.45 and @2.60...
JSE:S32 - Multi-month bull flag forming Confirmation at/above 2856 (Weekly close) TP - 4082 (Reject the idea if price closes below 2329)