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Loyiso_BlaqueSoros_Mpeta
Jul 21, 2023 11:02 AM

$JSEAMS - Anglo Platinum: Is A Bottom In At 79400? Long

ANGLO AMERICAN PLAT LTDJSE

Description

The last update on Anglo Platinum was on 22.06.2023, link below.

The stock has traded as forecasted and wave 5 of (C) could be complete at 79400.
What is further encouraging is the MACD/price convergence between wave 3 and 5.

It is still early days but above 79400 I will remain bullish until the market proves me wrong.

Comment

79400 has been invalidated, an updated count will be shares soon.
Using Fibonacci extension guidelines, where wave (C) = (0.702 to 0.886)*wave (A) gives us a price range of 68452 to 39625.
Comments
hitchcoxg
Any update for a new low support based on Fibs - Loyiso Please?
Loyiso_BlaqueSoros_Mpeta
@hitchcoxg, i just made a comment on the analysis.
hitchcoxg
ZA-ANALYST
Overall bearish still, but think we close to changing direction. Will sit on my hands a bit more
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