Our ALGO engine triggered a buy signal for S32 last Friday at $3.51.
This “higher low” patterned is referenced to the intraday low of $3.35 posted on September 5th.
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After a solid quarterly report two weeks ago, the share price spiked to a new all-time high of $4.28.
Since then, the share price has dropped over 17%, which is what triggered the ALGO signal last week.
S32 is a diversified miner and exports a range of minerals from Alumina to Manganese.
As such, we believe that S32 shares will find investor support above $3.00 for another run at the $4.00 handle over the medium-term.
S32
