S32 has retraced from the top of this triangle and looking to find support on this trendline going back to 2015. S32 also has support from a previous channel and support zone at $2.90 all converging in the same area. MACD is also turning up with bullish hidden divergence on the RSI. If breaks below support zone and trendline then will be no trade and could even...
S32 is currently in a descending wedge with bullish RSI divergence. Look for a breakout and retest of upper trendline or support zone for entry, stoploss at last swing low and will be moving SL to BE when safe to do so.
ASX:S32 The chart for ASX:S32 shows a pattern of lower highs and lower lows. This information is essential for investing and trading. It is advisable to avoid focusing on this stock and instead focus on other options. This will save you time and give you peace of mind. #investing #avoid #trading #pwinvest $ASX:S32X:S32
Since the Inverse C&H, the price broke below the brim level and since then has been on a downward trajectory. The downtrend, was the other confirming indicator that this was about to drop. I definitely didn't expect the drop to be short and explosive, but for a trader it's always better to be in and out. Now, there will most likely be some chop in the...
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...
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 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...
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...
Looking at a long if we break above Fridays close. We have seen a large amount of volume at this area which has 2 major confluence areas. The first being the support level, the second being the 200ma. Price opened below but failed to stay below and completely engulfed Thursdays candle. The first TP will be 180 the second will be 200. Looking to run a tight stop...