Anglo American Platinum (Amplats or AMS) stands as the second-largest platinum producer globally, under the majority ownership (77.62%) of Anglo American. In recent years, Amplats has strategically shifted from deep-level mining to more economical and mechanized methods, significantly reducing its operational footprint from 18 mines to 7. This transition has...
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...
Angloplat chart shows that price is in long-term decline and we are getting close the COVID low price. Price action has respected the Pitchfork and we see an area where there will be expected to be strong support, the intersection of the Pitchfork support and the horizontal support line. Before we get there we might find a turning point where the lowest price of...
Anglo American Platinum (Amplats), recognized as the second-largest platinum producer globally, falls under the substantial ownership of Anglo American with a 77.62% stake. The company has been at the forefront of transforming platinum mining in South Africa, shifting from deep-level mining to shallower, more mechanized operations. This strategic pivot has...
Anglo American Platinum (AMS), also known as Amplats, stands as the world's second-largest platinum producer, trailing only Sibanye, and it generates a significant portion of the global platinum supply. Owned 77.62% by Anglo American, Amplats has pioneered a shift from deep-level mining to shallower, more mechanized operations in South Africa. Over the past five...
See link below for previous update.
After a massive 78% plunge from the all time high of 267538 cps to 58007 cps, AMS has seen buyers get in the stock.
The move up from 58007 has yet to trace a five wave advance in an impulse or leading diagonal so it is still premature to say a bottom is in though the bear wave count looks complete.
I will maintain a bullish...
See link below for previous update.
This is a question I asked before when the stock caught a bid at 79400.
What has transpired since is that wave 5 of (C) unfolded as a more complex and deeper impulse which satisfies five waves down from 120747 to 58007.
Price seems to be forming a base above 58007 which is the invalidation level of the bullish outlook.
What is...
Anglo American plc is the leader in PMG markets with $10 billion in operating income. A confirmed breakout in ANGPY will likely mean further upside in smaller PMG miners (SBSW, IMPUY).
Also heard they use platinum in missiles and we all know how much we love war now!
Anglo American Platinum (AMS), or Amplats, is the second largest platinum producing company in the world (after Sibanye), producing a large portion of the world's platinum. It is owned 77,62% by Anglo American. Amplats was one of the first platinum mining companies in South Africa to move away from expensive deep-level mining towards shallower, more mechanised...
Weekly Long idea
Anglo American Platinum since 2009 seems to show a pattern that it bottoms out of its bear market once prices have dropped 65%-75% from its previous All time highs,
the same scenario is playing out now and this could be a good long term hold off current levels
entry : R692.00
stop loss : R400.00
target : R3335.00
The last update on Anglo Platinum was on 22.06.2023, link below.
The stock has traded as forecasted and wave 5 of (C) could be complete at 79400.
What is further encouraging is the MACD/price convergence between wave 3 and 5.
It is still early days but above 79400 I will remain bullish until the market proves me wrong.
This is a weekly chart looking back from the previous highs I am trying to see where there should be support, and it lines up at 38% level at todays price low so far at R850.
Buyers need to come in quickly, otherwise the chart shows the next level down.
One of the platinum stocks that has been severely beaten down form the swing highs (-62%).
Its currently working on its 3rd leg down and target zone remains R860-R790 failing which the gate to R626 opens.
RSI is now in deep oversold territory. I will be watching closely to see how price action develops over the next few sessions.
Traders use the Relative...
AMS price has found itself in a rising wedge defined by pink resistance and black support, a break of the black line validates the wedge & guides price decline.
The blue line strictly defines the inclining trendline of a daily cycle which price must break enroute to confirm a cycle low, the black line can also define a cycle only if price fails to reach the blue...
The last update on Anglo Plat was on 19.04.2023, link below.
The stock has traded as forecasted and wave 4 terminated at 120747 and price is now in wave 5 of (C).
As to how much lower price can go is anyone's guess but a break back above 120747 would be a good signal that the bear is over.
At this stage it is a bit late to short so I will sit on my hands and look...
JSE:AMS has broken out of a sideways consolidation zone that it has been trading in since mid April. With today's price action so far our order to go short has been triggered. We are looking at a target all the way down at the 650 level, but will adjust according to the price action as it goes down.
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...
