Watch This Range On South 32 (S32) - Friday, 19 July 2024

• At the beginning of this week I highlighted S32 as a 'continuation sell'. The share is down to R42 from just below R45.

• The gap at 4154c is in line with the 61.8% Fibonacci Retracement Level.

• Watch to see if it holds on an intraday basis (preferred with an increase in volume).

Lester Davids

Analyst: Unum Capital