Following a stellar performance over the last six months, platinum shares appear to be in the early stages of a short term slowdown in upward momentum. Specifically, Impala Platinum is reflecting the following technical characteristics that suggest a short term reversal is at hand.
- candle for today (12-03-2019)
- A pending move of the ( ) moving from overbought to oversold
- A pending cross of the
- The price is extended well above it's 200-day moving average, with the price being 117% above the moving average.
In addition, a gap at 5503c exists.
I am looking for a move back to 5250c, with the entry at current levels (5847c) and a stop-loss of 6100c.