S32 0.85% $3.58 south32 limited

Is S32 having yet another False PA breakdown? Probably not as a...

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    Is S32 having yet another False PA breakdown? Probably not as a new 2018 low was hit the week before last. Weekly momentum recently turned INCREASINGLY BEARISH on the break below the 23.6Fib retracement during mid-November, which should continue to accelerate to the downside on further support breaks over the next several weeks to months imo.

    The next immediate area of support is at the 38.2Fib retracement near the $3 psycho level. Once broken, it should confirm the new Bearish trend imo.. GLTA.

    181206_S32_W.jpg
 
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