[:en]South 32, a well-diversified mining and metals company is listed in South Africa, London and Australia. Their latest quarterly report reported a better cash position. The company also managed to buy back 176m of their own shares. Their Brazil Alumina sales decreased by 1% for the nine months ending March 2018. The SA coal production decreased by 6%, while export sales increased by 11%. The price earnings ratio of the share is 12 and the dividend yield of the share is 3.79%.
- The share is heavily oversold which makes the probability of a bounce more likely.
- The share is caught within a descending channel between line A (R35-70) and line B. The formation will only be confirmed when the share starts to consolidate above line A.
- Below line B the formation will be wiped off the table and the target of the formation is R37-80 should the formation play out.
- The 26 & 9 day moving averages confirm that the momentum to the bottom is still in place.
- There are also two windows waiting between R35-23 and between R35-32 and between R37-21 and between R37-27.
- For traders – Consider a buy above line C (R35-19) but use R33-88 as stop loss to protect capital. The possible targets to the top are R35-56, R35-89, R36-15, R36-42, R36-79 and R37-27.
- For medium to long term investors – The share found some nice support at the 40 week moving average (R34-45) and a possible inverse head and shoulder is visible which will only be confirmed above R37-88.
Let us know if there are any questions.
Frans & Christelle[:AF]South 32 is 'n goed gediversifiseerde mynbou - en minerale maatskappy wat in Suid-Afrika, Londen en Australië genoteer is. Hul jongste kwartaallikse verslag het 'n beter kontantposisie gerapporteer. Die maatskappy het ook daarin geslaag om 176 miljoen van hul eie aandele terug te koop. Hul Brasilië Alumina-verkope het met 1% gedaal vir die nege maande wat in Maart 2018 geeïndig het. Die SA steenkool produksie het met 6% gedaal, terwyl uitvoerverkope met 11% toegeneem het. Die prysverdienste verhouding van die aandeel is 12 en die dividend opbrengs van die aandeel is 3,79%.
- Die aandeel is oorverkoop, wat die waarskynlikheid van 'n herstel lopie moontlik maak.
- Die aandeel word vasgevang binne 'n dalende kanaal tussen lyn A (R35-62) en lyn B. Die formasie sal slegs bevestig word wanneer die aandeel bo lyn A begin konsolideer.
- Onder lyn B sal die formasie van die tafel gevee word en die teiken van die formasie is R37-80 indien die formasie sou uitspeel.
- Die 26 en 9 dae bewegende gemiddeldes bevestig dat die momentum na onder steeds in plek is.
- Daar is ook steeds ‘n venster oop tussen R37-21 en tussen R37-27. ‘n Venster is altyd aantreklik vir spekulante, want dit kan dalk sluit as ‘n herstel lopie plaasvind.
- Vir spekulante - Oorweeg 'n koop bokant lyn C (R35-23), maar gebruik R33-88 as keerverlies om kapitaal te beskerm. Die moontlike teikens na bo is R35-56, R35-89, R36-15, R36-42, R36-79 en R37-27.
- Vir medium tot langtermyn beleggers – Wag geduldig dat lyn A in ‘n steun verander vir ten minste 2 weke. Peusel dan maar hou by dieselfde keerverlies as deurgegee aan spekulante.
Laat weet indien daar vrae is.
Frans & Christelle[:]
