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Sector of The Week: Platinum & Precious Metals
The relative trend is down, with the sector near a 3-year low versus the market. Considering the momentum readings, the 14-day RSI shows strong momentum to the...
Cup and Handle has formed on Implats. The price has broken out and is meandering sideways before the next move up.
Platinum companies as well as the precious metal is setting itself for great upside as investors and instiutions are piling their funds into the metal as a form of safe haven... We are going old school right now where the old ways work better than...
Impala hit an all time high in March 2022 at R309,19 and then shed 52,5% in a bear correction that looks to have bottomed at R146,80.
What gives me confidence in a short-term bull run is the rally for wave (i) unfolded in five waves and the correction for wave (ii) unfolded in three waves and terminated above R146,80.
The current rally from R153,55 already looks...
Impala has hit up against the down trending 200dma with oscillators indicating that its overbought.
Looking for a short trade towards the R172-R177 zone
A daily close above R208 will negate the idea
The price of Platinum has reached the bottom of a support line coming from 2008. It has also broken through the downward trendline coming from March 2022.Impala is moving in a sideways channel since September 2020. Momentum is to the top and Macd is crossing over on the weekly chart. Price action on the weekly chart is crossing over the EMA21. It has recently...
Impala has been on a short term downtrend since reaching a high of R309.20
Price has now arrived at the 200day on the weekly and a possible support zone for a some relief. The last time price reacted on the moving average was at the covid lows of March 2020.
Above R185 could stage a decent pullback and will trigger a 2B reversal trade. Better entries will be...
We give a quick recap of markets overnight and the previous day and insights into the day ahead with a few trade ideas on the day. Ideas are strictly NOT INVESTMENT ADVICE.
We give a quick recap of markets overnight and the previous day and insights into the day ahead with a few trade ideas on the day. Ideas are strictly NOT INVESTMENT ADVICE.
IMP has held support for the last 3 weeks off the 205 -210 support zone,
this support zone is also the 250dma , lets see if she can move higher in the coming weeks
We give a quick recap of markets overnight and the previous day and insights into the day ahead with a few trade ideas on the day. Ideas are strictly NOT INVESTMENT ADVICE.
Looking at the Monthly chart we see price testing the lower bounds of the trend line at the 20500 level. If we zoom into the weekly chart a bullish wedge price pattern is forming. If we zoom in yet again into the daily chart price has just closed above the EMA200. This is a decent spot to take a long position with an R/R. Always manage your risk. acolytetrader.co.za
