S32 Alert Cancelled as price continues to find selling pressure

Original Alert 19/7/18

New Buy Entry Alert S32

Time Frame : Daily/Weekly

Sector : Materials/Basic Materials

Key Stats : $18.33 Billion Market Cap, VWAP 3.613, ASX Ranking 20, 4 Week Av Turnover $85,009,520, Div Yield 3.77%.

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.

S32 – South32 Limited

S32 is a prime position for a long term move higher as buyers show signs of supporting lows. We are happy to buy on a push up through 3.72 and will hold the stop loss at 3.48. If price falls through 3.48 prior to entry then we will re-assess the alert

Stock Code : S32 – South32 Limited

Company Website : www.south32.net

Current Price : 3.635

New Buy Entry (Trigger Level) : 3.72

Potential Sell Exit Zone (Stop Loss) : 3.48

Status : On watch for Buy entry trigger