Buyers starting the march higher as they soak up the selling pressure

Potential Buy Entry Alert S32

 

Time Frame : Daily/Weekly

Sector : Materials/Basic Materials

Key Stats : $18.89 Billion Market Cap, VWAP 3.743, ASX Ranking 17, 4 Week Av Turnover $77,117,482, PE 10.6, Div Yield 3.78%.

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

South32 has finally kicked on to push up through the 3.70 mark as buyers start to take control. We are now watching for a pullback to build the higher low for an entry. The daily chart is overextended at current levels but the weekly is primed so we may see the action heat up.

 

Stock Code : S32 – South32 Limited

Company Website : www.south32.net

Current Price : 3.75

Status : On watch for a buy entry setup