Looking at South 32, we may derive the following from the weekly chart:
1. A noticeable h&s pattern had been formed over the past 2 years.
2. Price is on the neckline support.
3. A push down should trigger the technical pattern.
4. It's pretty dangerous to trade it now, wait for confirmation.
5. As always - maintain your risk management.
Let's see what happens.
Note: The views provided herein do not constitute financial advice.
1. A noticeable h&s pattern had been formed over the past 2 years.
2. Price is on the neckline support.
3. A push down should trigger the technical pattern.
4. It's pretty dangerous to trade it now, wait for confirmation.
5. As always - maintain your risk management.
Let's see what happens.
Note: The views provided herein do not constitute financial advice.