Timonrosso

Implats support in check and ready to break up to R128.76

Long
JSE:IMP   IMPALA PLATINUM HLGS LTD
Impala Platinum has clearly been moving in a down channel.

It's failed to break the support level at R72.29.

This means, we could be getting some buying momentum and demand, which will drive the price up.

I would wait for a solid breakout above the channel, which will signal a more promising buy.

Then my next target will be R128.76

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Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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