Nice little bullish breakout from the pennant chart pattern. According to Investopedia.com, "the price target for pennants is often established by applying the initial flagpole's height to the point at which the price breaks out from the pennant". This effectively means that Impala still got a lot of legs. This is concurred by the current Thomson Reuters consensus target price of R261 on Impala.
My long is a long-term call and with both the share price and the underlying platinum/palladium price which currently looks to be somewhat overbought according to their 14-day RSI's, one could try and wait for the share price to move closer to the 50-day moving average, before entering. Cards on the table - I'm already long.
Thank you for great chart. Also long because of the company and strong platinum price expectation.
Inflation will come as a result of shortages(not demand) and not the velocity of money or money creation BY GOVERNMENTS.
When people begin to lose trust in Governments they hoard instead of spending money (deflationary effect).