Since the highs in March 2022, Angloplat has corrected almost 50%. I am starting to become interested in this chart on a medium term basis for the following reasons:
(1) Supported off 61.8% fib from Mar 22 and Mar 20 Highs and lows (2) Rising channel support (3) Has tended to consolidate under the 200WMA before reversing on a weekly time frame (4) 200wma still trending upwards (5) supported off September 21 horizontal lows
Remember this is a weekly chart so it could take some time to play out with the possibility of weekly consolidation in this zone, but ultimately I would bet on my chances of this resolving higher in due course.