Rotuma

S32.ASX Digging into the detail price action

ASX:S32   SOUTH32 LIMITED
1. We have two price gaps to fill at this current stage. 3.49 to the upside and 3.14 to the downside.
2. Prices are currently trading above its 500 moving average and also just above 3.30 support. the next resistance is at around 3.34
3. A break below 3.30 support could see prices fall to around 3.14 to fill the price gap.
4. A break above 3.41 could see prices move further up to fill the price gap at 3.49

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