IMP H4 Reasons For Entry : - Bearish Channel - Leg "D" due
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...
Impala has been weaker than the other sector stocks (Platinum & Precious Metals Index (J153)), for some time (see Comparative Relative Strength). However, recently the stock has shown strength and is the strongest stock in the sector. After a Selling Climax (SC) and Automatic Rally (AR) in 2016 there has been significant selling pressure (OBV) but price has not...
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...
2019 is the year of Platinum
Flat top triangle breakout with a 6650 target
Dear Trader Following a stellar performance over the last six months, platinum shares appear to be in the early stages of a short term slowdown in upward momentum. Specifically, Impala Platinum is reflecting the following technical characteristics that suggest a short term bearish reversal is at hand. - Bearish engulfing candle for today (12-03-2019) - Double...
Expecting the correction after the 5 waves impulse
Precious metals acting up which tells me that there is a sense of risk off in this market again. Flat top triangle break with a 4250 target price
JSE:IMP moved strong last few months. Bullish flag reached target. Currently consolidating in sideways range. Thursday candle is nice bullish engulfing bar for traders who want to be aggressive. If not you wait for the close above 3800. Target is 4800-5000 range
5 waves all done, could expect a little push from the buyers but Im in to sell the market here.
Price now out of consolidation range, the trend is still up, R38 will be a good entry price for a target above R44.
Buy this stock on the pull back or retest of the broken resistance around levels of 2800. the stock is up for a bullish rally and has intercepted previous lower lows and is now forming higher highs and higher lows.
Key Technical Drivers - Volume has declined on the 2nd push higher - Potential channel breakdown - Trading at overhead resistance - Price trading 40% above it's 200dma Suggested levels: Short @ market 3247c TP: 2900c (blue dotted line) SL: 3460c In addition, the platinum price is playing out from a bear flag pattern.
JSE:IMP After big move up $JSEIMP is trying to consolidate. Problem for me is that consolidation is taking too long. If this was bull flag we should be moving upside already. On the bearish side there are triangle that was broken yesterday and re tested today. $JSEIMP trading bellow 20 ema so possibility to go and re test neckline of head and shoulders.