Northam, identified by its ticker NPH, stands out as a fully empowered platinum mining entity operating within South Africa's Bushveld complex, navigating through a challenging legislative landscape marked by the introduction of the 3rd mining charter, viewed as less favorable for investments. Despite these hurdles, Northam distinguishes itself as possibly the...
Northam Platinum, a fully empowered platinum mining entity operating within South Africa's Bushveld complex, stands out for its strategic acquisitions amidst a challenging legislative environment influenced by the 3rd mining charter. Its proactive approach in expanding its asset base includes securing rights to exploit land adjacent to its Zondereinde mine through...
Northam (NPH) is a fully empowered platinum mining company which operates in the Bushveld complex. In the current difficult legislative environment where the 3rd mining charter is regarded as unfriendly from an investment point of view, Northam is probably the only mining house which is buying up new properties. It has come to an arrangement with Anglo American to...
See link below for previous analysis. Northam has pushed up a bit higher since our last update. The move from 9482 has been choppy with overlapping price action, could this be a leading diagonal? If so, 9482 has to hold. I will maintain a bullish view above 9482.
Northam price has gone lower than 10 November low seeming to confirm a cycle failure, this puts the share in intermediate decline. We also see price action carving a rising wedge that is yet to break but has a higher confidence in breaking to the downside. We therefore look at the bearish Pitchfork and the retracement lines in how they interact with price & time...
Northam Platinum Holdings Limited (JSE: NPH) 1.Price Formation: The price has broken out from a W(a falling wedge) price formation on a daily chart. 2.Moving Averages: The 7-day moving average (MA) is above the 21-day MA, which is a positive sign indicating bullish momentum. 3.200-day Moving Average is below the Price. 4.Thus, Mas 7>21 5.Relative Strength Index...
See link below for previous analysis. The larger structure wave count for Northam is a bit tricky with a couple of probable counts. Looking at the decline from 21246 to 9482, I see a five wave decline with overlaps hence I am updating the count as a leading diagonal or alternatively an ending diagonal. A break below 9482 will confirm the leading diagonal which...
Ratings upgrade tomorrow and stock off to the races. Break and close above resistance at R117.00 should see this move to target between R132.50-R136.00. Stop on a close below R117
The plat stocks had a good rally yesterday on the back of current global events. Price tested the down trending 20ema which is the first hurdle to break the short-term trend. If the stock continues to rally and closes above R117 in the coming days, a double bottom pattern could come into effect with a decent measured move up to target the top of the descending...
NPH is seeking a weekly low price, here we see price back at the median support of the Pitchfork, a good area for a bounce. Price can move to the resistance of the Pitchfork and breakout. If it fails then we can expect a visit of the median line but this time lower and support of the blue parallel channel comes into scope.
Northam (NPH) is a fully empowered platinum mining company which operates in the Bushveld complex. In the current difficult legislative environment where the 3rd mining charter is regarded as unfriendly from an investment point of view, Northam is probably the only mining house which is buying up new properties. It has come to an arrangement with Anglo American to...
A dip in price below 13900 provides evidence in favour of a bearish trend trajectory. This negative direction is further substantiated should a breakdown occur below the 13400 mark. A target price is set at 12000, with a stop-loss set firmly at 15100 to mitigate risk. A bearish MACD crossover is also applicable, reinforcing the negative forecast. In addition,...
The last update on Northam was on 30.06.2023, link below. The stock traded a bit lower and caught a bid just above the lower trendline of the channel and then reversed aggressively from 11533, rallying over 30%. There has been key fundamental developments relating to Northam's interests in Royal Bafokeng Platinum also involving Impala Platinum. The market has...
Price has rallied well this week of the swing low of R115 and found support around the yearly S1 pivot. It has now closed above the down sloping 20ema. Bulls will need to defend R122.50 on any pullbacks to have an attempt at R137.50. A break above here could open the gate to a decent leg up towards the 200dma. Pivot points are a technical analysis indicator...
NPH and, platinum stocks in general, have pretty much imploded. NPH broke its last line of support at the blue TL (around 145 or so) and has been moving steadily lower since. The stock is seemingly headed towards testing the yellow band (anywhere around 105 - 110) in the short term, at which point we hope to see a small bounce. The trend however, is still downward..
A bullish Harami has formed directly after a doji candle on JSE:NPH A harami is a reversal signal and a doji candle signifies uncertainty in the market. Both of these indicators could be signaling a reversal to the upside. Today's price action is slightly down, but I think in general we could see an upward move towards the target at resistance.
Northam is down 56% from its all time high. This bear market is over two years in the making and looks to be unfolding as a double zigzag. The first zigzag, ((W)) is much bigger in price and time than the current zigzag for ((Y)) which is not against the rules and guidelines. Focusing on ((Y)), the stock looks to be in the wave (C) which is approaching key price...
Northam has broken out of a trendline that has constricted the daily price movement since August the 12th. In the coming week we are looking for the following: 1. Price to reverse & backtest the green trendline 2. Make a swing low 3. Buy on confirmation of the swing low 4. Take profit on swing high around R190 resistance 5. Re-entry when pullback makes a swing...