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Trading South 32: Running +15% + New Cup & Handle Formation

  • Writer: Lester Davids
    Lester Davids
  • May 27
  • 1 min read

Research Notes For 26 to 30 May > https://www.unum.capital/post/r2630may

Trade Local & Global Financial Markets with Unum Capital.

To get started, email tradingdesk@unum.co.za


  • We have seen a strong rebound (+15%)%

  • The bullish reversal is also in line with the model reading at the time (scroll down to view). Chart is current (Tuesday, 27 May at 12h16).

  • The current setup remains positive with the development of a cup and handle technical formation targeting 3823c and 4000c.

  • Short Term = pullback possible (see price action model below the chart)

  • Long term = Buyers showing interest (see price action model below the chart)


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Previous Post: (Tuesday 08 April at 11h12): Trading South 32

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South 32 Zooming In on the 2-day candle structure which reflects early buying interest out of a deeply oversold range.














Price Action Model Reading

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South 32 (S32) | Zooming out, highlighting the share trading at/near a long term inflection point.

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