Rotuma

S32 - short to medium term share price forecast update.

ASX:S32   SOUTH32 LIMITED
Share price value has risen 14 % within one month since I pointed out the change of direction to the upside. Share prices seem to be moving steadily within the upward price channel and the wedge price pattern after creating a price gap to the downside on 23rd of April 2018.

Share prices are now approaching a critical resistance point at around the 4.00 mark. A break above this price point could see prices continue its uptrend movement and head towards the next two resistance/target price point at 4.16 and 4.26

Failure could see prices pull back to around 3.90 or 3.81 support.


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