SteynTrade

Which Platinum Stocks to Choose

Long
JSE:NHM   None
A comparison of the weekly charts of Anglo Platinum, Impala, Northam with their relative strength (RS) to the Top 40 is presented. A 40 Week or 200 Day MA has been put on both the price chart and RS. Anglo Platinum has the strongest momentum and is breaking a longer-term trading range (TR). Lonmin is still very week. Impala has had some recent strength in a wide trading range that potentially could be forming. Northam Platinum seems to be somewhere in the middle of a very long TR. Based on this Anglo Platinum is expected to show continued good strength and will be the stock to catch on the next leg up after a pullback.

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