Saturday, 10 June 2017

S32


South32 is a globally diversified metals and mining company with a portfolio of assets producing alumina, aluminum, coal, manganese, nickel, silver, lead and zinc.
 
Looking at this stock price chart the following remarks: The price has traded in a down channel (C & F) and has found support at point B. This is to note, spot-on the lower trend line of both long and short term trends, as well as the Pivot Point support.  The price has changed direction with confirmation of the Stochastic moving higher and the divergence (A & C).  A break at (E) can set the price to reach the next price levels 2700 and 2964, with a midpoint at 2830.



Trade with caution as the markets are very unstable and uncertain.
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