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SOUTH32 LIMITED
Long

JSE:S32 South32 Retest of Breakout

Di SteynTrade
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After the breakout in September South32 had pulled back to the breakout level (see previous post in the link below). This retest can be used to provide a tight stop and a good RR ratio as the stock continues to the overbought trend line.
Nota
After a strong pullback to the trading range. S32 has found support at a volume cluster and is responding positively.
istantanea
Nota
S32 is showing weakness. Price has broken back in to the TR and broken the upward stride. Will have to see if the 3000 level will hold.
istantanea
jsejses32Supply and DemandSupport and ResistanceTrend Lines
SteynTrade
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