ANGLO AMERICAN PLAT LTD

JSE

AMS

Anglo American Plat on Monthly is at a good Resistance level, thus I expect a pull back to give us Wave 4 then shoot up to Wave 5 which is at the QML.

Rising wedge would be bearish for the stock. Keeping an eye out to see how this will play out.

Anglo Platinum is at the top of a rising wedge on the DAILY. It was unable to hold a break at the end of last month and fell back to the bottom support. Can it break above and hold this time? A rising wedge is generally a Bearish pattern so if it fails to break and hold above we expect it to break through the bottom and for price to fall. Next week will tell us more!

A conflux of technical indicators pointing to a bearish bias. If the share will not be finding support around 80500 (lower range of inclining channel) then further downside may be possible. Crossed below its 8-day simple moving average. First crossing in the last 12 days. Crossed below its 13- and 21-day simple moving averages. First crossing in the last 10...

JSE:AMS has formed a morning star pattern at a support level. We can anticipate a small upward move.

Close below R820 targets R780 - then a close below R780 targets R655

JSE:AMS has formed a piercing line at a support level. This could signal an upward move.

JSE:AMS Double top in place need conformation.

After a solid rally, we turning bearish in Amplats as the stock fails to meaningfully break above the resistance located at R 870.00. All momentum indicators suggest a trend reversal and we propose shorting the shares in anticipation of a strong trend reversal.

We might see the stocks dropping massively if we are gonna follow the 2 orphans setup, which we are now completing the right orphans!!

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