Pause For Implats? - Monthly Chart: During October 2008 and June 2013 we saw the price price support at around R95 to R100. During this cycle the price is re-testing these support levels with the price, on a short term basis, finding sellers at the 104 to 107 level. We may now see a scenario where the prior support turns into a temporary resistance zone.
IMPALA PLATINUM seems to be forming a top, the WEEKLY RSI is oversold but is not pointing down yet. We are watching for more confirmation to enter a SHORT position with a target at the next support level around R70.00
60-min chart:
Price breaking below channel support, potentially setting up a bear flag.
This coincides with a rejection of the hourly 200-simple moving average.
Further confirmation is weakness below 7470c.
Support and possible target of around at 7089c to 7160c.
JSE:IMP
With the recent bull run slowing down, the RSI has been diverging away from price indicating short term reversal.
A break below might target 50% fib.
RSI is already below 50
After a great run, Impala may be exhausted (See post below as we followed it on the way up). Now it has formed a smaller TR at the top of the larger TR. The smaller TR looks like distribution and could indicate that price can start moving down again within the larger TR. Divergence on the volume RSI points to selling pressure and high volume down could indicate an...
Impala Platinum certainly has been on a tear since October last year with hardly any pull-back in between. Having broken above a "top resistance" level on the weekly chart, it appears the bullish sentiment is set to continue.
I think the next dip can be bought and I have orders in the market at (and just below) that break-out zone.
My momentum indicators and...
Impala Platinum: 'Money Flow' indicators suggest short term outflows for the share. Specifically, the trend line support going back to 26-Oct-2018 has been breached. Price possibly over-extended in the ST, trading 92% above it's 200-day moving average. RSI also at risk of breaking down. Would wait for a deep pullback to re-enter if you are looking for a long...
This stock has been bullish for a while now, its hit the support/supply zone and thus I am anticipating a pull back of either 50% or 38.2% FIB Retracement , that will be giving us "B" then we have "C" thereafter. You may sell the pull back but base your entry and target on smaller timeframe and also you may set buy limits for when it reaches the 50% Fib level and...
Impala Platinum Holdings Limited (Implats) is a producer and supplier of platinum group metals (PGMs) to industrial economies. The Company's segments include mining (which includes Impala, Zimplats, Marula and Afplats), refining services (which include metals purchased and toll refined), chrome processing and other. The Company, through its subsidiaries, holds various mining and exploration activities. Its subsidiaries include Impala Platinum Limited (Impala), Zimplats Holdings Limited (Zimplats), Afplats Proprietary Limited (Afplats) and Marula Platinum Proprietary Limited (Marula). The Company also holds interest in Two Rivers Platinum Proprietary Limited (Two Rivers) and Mimosa Investments Limited (Mimosa). The Company's operations in South Africa include Impala, Marula and Two Rivers. The Company's operations in Zimbabwe include Zimplats and Mimosa.
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IMP
