South 32 had a stellar run from March 2020 to March 2022, almost quadrupling in price.
Price has since consolidated and looks to be forming a contracting triangle.
In this case, i view the triangle as a neutral pattern meaning it can breakout to the upside or downside.
Until I see a clear breakout I will sit on my hands on this one.
Price has since consolidated and looks to be forming a contracting triangle.
In this case, i view the triangle as a neutral pattern meaning it can breakout to the upside or downside.
Until I see a clear breakout I will sit on my hands on this one.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.