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
IMP has bounced off the 250ema( 1 year average) + lateral support and retest of trendline
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.
A bullish trend is applicable above 22600. Upside price momentum supports the bullish trend. 200-day acting as major support. RSI leaves some room for further upside price potential. MACD is also confirming a change in trend direction to bullish. Remains a risky trade.
Price looking to break higher through this triangle price pattern. Good spot for along opp here. 1:6 R/R provided uptrend holds. Always manage your risk.
The stock broke the ascending triangle reversal with a golden cross. I will start to a build a position with a 1% risk. Initial stop loss at R200.40
Being In an inflationary environment a screen energy driven narrative Platinum is important to help create hydrogen/renewables battery technology and take over the high prices of palladium.. Over here we have a nice bonus structure with Falling Broadening wedge or a megaphone pattern (whichever you prefer).. Plus a great dividend Stuck with a low PE ratio. In My...
bullish case at play on impala platinum a bullish flag at play on the weekly chart
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 LONG Possible short term Target before resistance found R238
Impala may be gearing up for a strong move higher on th break of the bull flag
IMP finding resistance a break of the resistance signals continuation of upward trend
A Bullish flag pattern has formed on JSE:IMP . The Flagpole formed from 28 September to 19 October and since then it has consolidated slightly downwards to form the flag. If it breaks through the top of the flag and continues upwards, I think we could potentially see a move upwards to the target at around the 26000 level.
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 could be breaking short term support and see a shorting opportunity
Market Bounce exactly on the 162, price should now continue and take out the previous, Consider taking profits some profits when these highs are taken out. 345 is primary target
Most of the JSE stocks aren't looking great at the moment, however it looks more corrective that impulsive at the moment, we should get another correction and impulse to the downside on IMPALA Platinum. Bulls should start defending at R162-00/pshare, if there isnt any spike in volume at that price or not impulse move to the upside, we could see a deeper retracement