SteynTrade
Short

JSE:IMP Impala Testing the Top of the Trading Range

JSE:IMP   IMPALA PLATINUM HLGS LTD
After a great run, Impala may be exhausted (See post below as we followed it on the way up). Now it has formed a smaller TR at the top of the larger TR . The smaller TR looks like distribution and could indicate that price can start moving down again within the larger TR . Divergence on the volume RSI points to selling pressure and high volume down could indicate an upthrust (UT). Price could possibly range at the top for a little longer but possibly we are looking to a break lower.
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