SteynTrade
Long

JSE:NHM Northam Platinum Buying Pressure

JSE:NHM   NORTHAM PLATINUM LTD
With the platinum price improving there has been strong buying pressure in NHM. We see this with increases in volume on up moves and decrease on pullbacks. However, there has still been significant supply keeping volume high. However, now we see a decline in volume indicating that supply may have dried up. I am now expecting a strong move out of the trading range.
Comment: After a strong move out of the TR. Price has formed a smaller TR. We will look at how this develops to see if it is reaccumulation or distribution.
good call! @SteynTrade
Reply
@cgd, Thanks
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out