ANGLO AMERICAN PLAT LTD

JSE

AMS

Anglo Plat has had a good run but has now started to form a trading range. I have been following the accumulation of Anglo Plat since 2018 (See post below). It has had a great run after breaking the accumulation trading range (TR). We have seen a buying climax (BC) signalling the start of a smaller TR during the markup phase E. This could be a re-accumulation and...

We may derive the following from the Weekly AMS chart: 1. Price seems to have formed a double top. 2. The weekly chart was unable to close above the top high. 3. It is still early to make a decision and so patience is needed to see if we form a potential sell pattern. 4. As always - maintain your risk. Note: The views provided herein do not constitute...

Amplats had already broken out but certainly boosted by solid results earlier today.

JSE:AMS has formed a bearish engulfing pattern at resistance levels. Looking good for a short position

Cypher Pattern

JSE:AMS has broken through an ascending support line and formed a bearish harami pattern. We will be looking at a short position, but be aware of the support level around 73000 as it might stall there for a while before finding direction again.

All of the criteria have been met for a long on JSE:AMS on our Momentum Strategy. The EMA's have crossed, The Stochastic has crossed up along with the MACD.

Amplats enjoying a good run from it’s recent lows below R650 to test highs above R700 in today’s session. I previously missed the move from R730, but I’m still bearish this stock. Price may overshoot the R720 resistance area, but I will take that as a chance to get better entry. I’m looking to trade it as follows: Short at R720 (or better) TP at R600 SL R800

JSE:AMS has broken out of a descending triangle pattern as well as breaching through a downward fractal. I have entered a short position with a target around the 55500 level.

Currently trading at 68820c a share and having broken the parabolic up-trend that started in April 2018, we find Anglo American Platinum looking vulnerable. Shorts favoured all the way down to 56000, with some potential profit taking at 64000 on the way down.

Anglo American Platinum Ltd have had a good run of it over the last year. The stock has been very bullish but it would seem as if it has run out of steam and momentum. As of the end of February, a big bearish divergence have occurred between price and the MACD. Since the formation of that divergence, JSE:AMS has also broken through support at about R720. It...

JSE:AMS has reached a resistance level just above the 83000 level. It reached this high on the 22nd of March bu then retraced all the way down to the 72000 level. Before this, the last time it reached these levels was in April 2010. My thoughts are that it is going to retrace downwards again and I am looking for a move back down to the 72000 level. If it does...

-SELL THE BREAKOUT IF TREND LINE IS VIOLATED - Wait for pull back before execution

JSE:AMS Big green bar on big volume on top of the trend. Blow off top on $JSEAMS hourly chart. Back to 54500 and probably going to break that rising wedge and go lower. But first target is 54500

At current levels, Anglo American Platinum appears vulnerable to a bearish reversal. Since 13-December we aw the R550 level act as a resistance in what appears to have been a key selling level. Over the past three trading sessions (11, 14 & 15 January), the price gave a false break on the upside while today we see a pullback below the R550 level. We also note the...

JSE:AMS Making small head and shoulders pattern on daily time frame. Neckline still holding

JSE:AMS Weekly chart with inverted head and shoulders. Neckline held few times on back test. Long here with stop loss at 43000 and target around 80000 looks as a great trade. This is weekly chart so one must be very patient with development.

AMS has been in a range since 2013. Signs are that this range has been an accumulation range after a decline. After a spring in Phase C we have had a test on low volume in Phase D and signs of strength (SOS) according to a Wyckoff analysis. In Wyckoff language the SOS could be seen as a jump of the creek. There is currently a pause at the top of the trading range...