Australian Stock Report - Share Tips
Shares to buy: South 32 (S32)
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Publish date: Mon, 20 Nov 2017, 11:50 AM
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Our stock analysis blog provides information on stocks to watch and helps you figure out which are the best stock to buy. We use fundamental and technical analysis to identify the stocks tips that will supercharge your portfolio. We don't believe in choosing stock tips on rumours or hearsay. Our share tips use fundamental analysis, like price-to-equity ratios, cash flow analysis and net tangible assets, to identify the best share trading opportunities. We then use technical analysis, which is the study of price charts, to determine the best level to buy shares. We believe using the two school of investment analysis allows us the increase the chances of our share tips being successful.
Recent pullback provides opportunity to buy into uptrend.
South32 is a mining and metals company headquartered in Perth, Western Australia. It was spun out of BHP Billiton on 25 May 2015. The company is listed on the Australian Securities Exchange with secondary listings on the Johannesburg bourse and the London market.
Often times at Australian Stock Report, we look to buy stocks or other instruments that are pulling back within a broader uptrend. And that is what we are seeing right now with S32. There is a well-defined uptrend in place but the recent pullback, from $3.70 into $3.40, offers the opportunity to be a buyer from a point of value.
Price Target: $3.80
The post Shares to buy: South 32 (S32) appeared first on Australian Stock Report.
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