Northam is showing downside to R145.18 while the markets rally

Head and Shoulders in the making for Northam PLatinum
Since it broke out of the downside and entered into a rising - sideways consolidation - the buyers have just not been able to keep the price up.
We are starting to see negative and bearish signs technically.
21>7 - Bearish
Price approaching 200MA
RSI<50 - Bearish
Target R145.18

CONCERNS:
The main concern is that global markets are flying, resource stocks are sky rocketing along with gold.
The January Effect alone pushed up the JSE ALSI 9% this month.
So we are seeing bullish signs, which could turn up Northam. But for now Northam is bearish.