A big blue chip ready for a push to highs

Potential Buy Entry Alert S32

 

Time Frame : Daily/Weekly

Sector : Materials/Basic Materials

Key Stats : $18.59 Billion Market Cap, VWAP 3.655, ASX Ranking 19, 4 Week Av Turnover $53,697,077, PE 13.2, Div Yield 3.72%.

Company Overview : South32 Limited (S32) is a diversified metals and mining company with a portfolio of quality assets producing alumina, aluminium, coal, manganese, nickel, silver, lead and zinc.

Broker Consensus : Hold

 

S32 – SOUTH32 Limited

S32 is finally showing some signs of strength but still has some work to do to turn the tide. We see price is in a prime position on the longer term charts so are watching closely for a higher low to build the buy entry setup.

 

Stock Code : S32 – SOUTHG32 Limited

Company Website : www.south32.net

Current Price : 3.645

Status : On watch for higher low buy entry setup