South 32: Down by 12.6% vs Warning Alert. Consider Covering Any Shorts Around Current Levels
- Lester Davids
- 14 hours ago
- 1 min read
Research Notes May 2026 > https://www.unum.capital/post/rmay2026
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Previous Post (15 April)
🔴 Short Term Caution On This JSE-Miner
Bull Phase But Approaching Overbought In The Short & Medium Term
On 21 September at ~R30, we highlighted South 32 as a mean reversion BUY opportunity.
Now trading near R55, the share appears overextended to the upside with mean reversion risk starting to creep in.
Below is the reading from the Price Action Model followed by the full MOMENTUM PROFILE.
Price Action Model:
MOMENTUM PROFILE:
Updated Chart with 21 September reference:
Previous Post (21 September 2025)
🎥Watch: A Bit of Mean Reversion Due...?
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Lester Davids
Senior Investment Analyst: Unum Capital
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