South32 Share Discussion Threads

[arja] 26/6/2018 14:15

hi Action.
With OZ being LEAD market for this stock although UK punters sometimes try to
anticipate next move in OZ and somnetimes get it right. So it is really best to look at OZ chart IMO and I think it shows support at about 340 and it is now 356 . Obviously exchange rate affects the situation if trading it on UK market .

[action] 25/6/2018 08:46

anyone buying at support 200p?

[action] 22/6/2018 10:12

GLENCORE UP BUT S32 DOWN ?

[arja] 18/6/2018 07:43

S32 finished at 216.5p equivalent in OZ and disappointing that 3 p less here so far but mining stock getting hit yet again !

[action] 08/6/2018 12:18

Thanks ArjaI will look into IG AGAIN

[arja] 07/6/2018 09:08

hi Action- sorry but I just npticed your question . I only play the markets using CFDs or spreadbets . So can play aussie market in that way and any profot or loss is converted to sterling byb the CFD providrr - I use Ig Markets and DMA and really no
competition for them here in the UK . let me know if you wnat any info about it .

walkmi- can not remember if I got back as play this stock quite often but really should trade RIO, KAZ etc more as bigger % movements although more nerve wracking ! () smile )

[action] 05/6/2018 07:21

ArjaHow u can deal S32 in Australia with which uk broker pls?

[walkmi] 10/5/2018 06:58

Nice 1.3% rise in Oz overnight. ARJA Did you get back in at a good price?

[arja] 19/4/2018 06:24

no, I id not get back in walkmi but took quite a prifit on AWC in OZ althiough had to get up at 1am to sell out . Yes , S32 amd the mining stock stook off in OZ and I hope |I get the chance of a trade today in S32 and a modest profit. Much more to be made on it on OZ market and FX movement does not play a part . good luck .

[walkmi] 19/4/2018 05:58

arja - Well it certainly kicked on in Oz overnight. Hope you get the chance to get back in without it being to expensive. I tend to hold and sit on paper gains / losses. Not got a good record of trying to anticipate ups and downs!!

[arja] 18/4/2018 07:37

no , just trading it although much more profitable to do that on lead market being OZ . chart there shows a lovely breakout and likely to head towards previous high .
I closed out here just after opening and will re-enterif it slips to about 201 later in day but not looking likely at present .

[walkmi] 17/4/2018 10:02

Everybody gone on holiday here? or cashed in?

[arja] 21/2/2018 07:49

now 313 with 300 next chart support . but should recover fairly soon I reckon .

[arja] 20/2/2018 08:07

but down again in OZ to 321 and on very big volume which is ominous ! Needs to hold this 320 level but sadly I think it has furtehr to fall and 300 is next chart support area

[arja] 19/2/2018 07:39

always dangerous to do that as better to wait until correction looks liken it is over IMO . Wild day in OZ for S32 as hit 319 before recovering to 328 but still down 4 on day . big volume again ! so equates to 185p and I look for a day trading opportunity
if it hits a lower level than 185 . Analysts in OZ are saying it has further to fall but they often get it WRONG ! ( smile )

[deanforester] 16/2/2018 16:39

The results are fine. The reaction to them is perverse, perhaps because of the South African interests. I've added to my holding today after the further fall.

[smicker] 16/2/2018 14:04

Any comment on the results?

[walkmi] 15/2/2018 17:18

Hoping it was oversold. I bought a few more.

[arja] 15/2/2018 14:58

yes, hammered in oz after opening well and 6 up ! trading at an even lower level here in UK and tempted to try a day trade at 196 area although only 1.5 hours to go to close . hard to say if it was oversold in OZ AND WILL bounce tonight .

[deanforester] 15/2/2018 10:11

The market doesn't seem to like the half-year report.

[arja] 18/1/2018 08:34

actually the UK punters anticipated the fall in OZ although Oz is LEAD market

[arja] 18/1/2018 08:31

walkmi - the expression is " the trend is your friend " . Not looking good today after another fall in OZ with a downbeat broker recommendation saying it is well overvalued .

[walkmi] 17/1/2018 09:30

Suet - Might help this amateur investor if you had posted why it looks good lol.