AWPEARCE1

IMP - 1D - IMPALA

Long
JSE:IMP   IMPALA PLATINUM HLGS LTD
The price of Platinum has reached the bottom of a support line coming from 2008. It has also broken through the downward trendline coming from March 2022.Impala is moving in a sideways channel since September 2020. Momentum is to the top and Macd is crossing over on the weekly chart. Price action on the weekly chart is crossing over the EMA21. It has recently broken the resistance of 191.96, and we are looking to buy after a pullback possibly to this price, with a first target of 18% and then possibly 59% to the upside. Although there has been negative news on earnings forecast, i believe this is already priced in to the shareprice.

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