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South32

RiskMastery's Red Flag Stocks - S32 EditionWelcome to RiskMastery's Red Flag Stocks - Stocks with bearish potential. In this edition, we'll be looking at ASX:S32 ... I believe this code is at a point of potential volatility. If price can hold below $3.24 ... Bearish potential may be unlocked. My key downside targets include: - $2.69 (Conservative) - $2.45 (Medium) - $1.955 (Aggressive) If however price breaks above $3.60 ... Bullish potential may be unlocked. (My key risk targets - C, M,& A - are as noted on the chart) Enjoy, and I look forward to being of further service into the future. If you'd like to connect, feel free to reach out and comment below. Mr RM | Risk Mastery Disclaimer: This post is intended for educational purposes only - Publicly available RiskMastery information & content is not intended to be financial advice in any shape or form. Please do your own research and seek advice from a licensed professional before acting on any of the information contained within this post. This post is not a solicitation or recommendation to buy, sell or hold any positions in any financial instrument. All demonstrated trades are merely incidental to the educational training RiskMastery aims to provide. You are solely responsible for your own investment and trading decisions, of which should be made only according to your own opinion, knowledge and experience. You should not rely on any of the information contained on this site or contained in any RiskMastery material on any website or platform. You assume the sole risk of any trade or investment you elect to make. RiskMastery and affiliates shall not be liable to you for any monetary losses or any other damages incurred directly or indirectly, from your use, reliance or reference of RiskMastery materials, content and educational information. Thank you for your understanding and cooperation - We look forward to working with you into the future to navigate the fine line of trading and investment success.
ASX:S32Short
by RiskMasteryOfficial
UPDATE SOUTH32 Target reached at R37.31 - Watch outSince 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 middle, which will scare both buyers and sellers. Best to do is wait for the next formation before jumping. I'll let you know.
JSE:S32Short
by Timonrosso
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
FUNCHARTS - Gold can be a leading Indicator for South32 (S32)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 chart, go back in time and you’ll see that there has been a reasonable correlation between movements in Gold followed by movements in South32. It hasn’t always been 139 days but this has been the highest correlation at 29% of all lag times, if that makes sense. The current intermarket forecast from Gold suggests a rally through to the 25th July, let’s see. Incidentally Coffee has provided an inverse correlation, I’ll show you that one another time. Happy Trading
ASX:S32
by andrew.gibbs777
Waiting for confirmation of the break.South32 is a globally diversified metals and mining company. They mine and produce bauxite, alumina, aluminium, energy and metallurgical coal, manganese, nickel, silver, lead and zinc in Australia, Southern Africa and South America. In May 2015, South32 successfully demerged from BHP Billiton and listed on the Australian Securities Exchange, the Johannesburg Stock Exchange (JSE) and the London Stock Exchange. Weekly: There has been a break of the support trendline but price pulled back above it. I will be looking at smaller time frames to confirm whether the break to the downside will be confirmed. H4: A breakout on this structure would indicate the start of more downside with targets around the 2400 mark. There is the possibility of another leg up but at this point in time I am expecting to see confirmation of the downside.
JSE:S32Short
by Linton_White