Broadening Formation (Vuvuzela) and W Formation is forming on AngloPlats.
We are seeing synergy with the upside with the platinum price and platinum stocks.
I guess no suprise knowing they work in tandem with each other.
Also, there is a good chanc eof upside with the price above both:
Price>20 and Price>200
Wait for break above the necklines and we could...
After the AMS stock tricked us showing upside to come with the downtrend broken.
This is where Smart Money clearly came in and sold the hell out of it.
Now there is an M Formation accompanied with a Bearish Engulfing candle.
This is more bearish than not.
200>21>7 - Bear
RSI<50
Target R743.65
ABOUT THE COMPANY
Anglo American Platinum Limited is a South...
Inverse C&H has formed on AMS over the last month and a bit.
This has been the consolidation range as the downtrend seems to be coming to an end.
We are seeing signs that the price is nearly ready to break up and out of the pattern.
7>21
Price<200 - But the price need to go back up as it acts as an elastic.
RSI >50
Target R1,500
SMC
Sell Side LIquidity Order...
Potential Cup and Handle is forming on the daily.
We are seeing higher lows form and the supply side is dwindling.
Once we get a break above the brim level, it'll be all systems go.
7>21
Price <200 - Bearish
RSI>50 -bullish
Target R1,644.61
SMC:
Sell Side Liquidity order block has formed below the formation. Each time the price touches, it runs up. That's...
We've noted several PGMs turning bullish in the past few weeks, and we have an JSE:AMS position. At the moment JSE:AMS seem to be retesting the (rising) 200MA, if it find support there, the stock may continue to rise, especially if the sector is turning bullish. Other notable players are JSE:IMP & JSE:SSW (position)
