South Africa is the world’s largest producer of platinum
This is what I see Bull flag Money flow going to the green Momentum wave going up, potential anchor wave forming Bullish divergence What more do you want, are you not satisfied.
Implats flirting with a year & half long trendline support on the daily chart; which is also coinciding with the 'last line of defense ( the 200dma). A break here could take price to 150. But until the trendline gives in, the trend is up!
Since mid-May, JSE:IMP has been struggling to make lower-lows and found itself in a sideways consolidation period. With yesterday's upward move, it has broken out of the top of the consolidation zone. If the momentum continues, we could see a move up towards the 30000 resistance level.
market is in a strong bullish trend with no divergence on the MACD on the monthly, Trend line was broken on the weekly that indicates a correction in the market before we see the next leg higher which could possibly be the last impulse move in the stock before entering into a bearish market cycle.| Ill wait for the correction on monthly to play out s we already...
After Impala Platinum Holding Ltd. has been held down all of these years, its time for the company to return to where it belongs... way, way up. While I would love to talk about returning to all-time-highs of 40++, why not just get in while the market is at a low around the next resistance point of 15 or 16, and then ride it to at least 20 for a casual 20-25%...
IMPALA PLATINUM LOOKS LIKE IT HAS COMPLETED A SHORT TERM INVERSE HEAD AND SHOULDERS. LOOKS LIKE A NICE MOVE UPWARDS WILL HAPPEN.
JSE:IMP Given the weakness in the platinum miners and resource stocks in general in the last few weeks, it takes some bravery/optimism/fondness for punishment to start nibbling at long positions. Some resource stocks, and platinum miners in particular, are tilting bullish. on JSE:IMP : - Golden cross & bullish confirmation on 1D MACD - Bullish divergence on...
I reentely recommended Impala and a stop loss at a lower low. Well the trade has clearly ended and the chart has gotten bearish. Measured move is given in the chart.
I've started to review some trading opportunities for our clients going into next week. One of the setups is IMP, where a small bull flag may be developing. As you can see, I retained the old annotations in 'white', with the price having pretty much given followed our prior price path since mid-April. Also note the two areas we previously highlighted: Red:...
Chance to accumulate or swing to the top of the channel. Stop loss for me is a lower low so choose accordingly.
IMP triggered a bull flag pattern. Stop will be a close below R260 and target between R290 & R300.
"Accumulate Near Prior Congestion; Short Back-Test of Breakdown" Over the last few weeks, we have highlighted the PGM sector as vulnerable to downside, with both IMP and AMS flagged as having the potential for downside risk. Last week we presented our perspective on IMP’s monthly chart risk while the previous the daily chart was flagged with the potential price...
A close above R270 triggers the long idea with a target at R290 while a close below R260 is the stop loss.
The instrument is nearing all time high zone, although stochastics daily are oversold i would wait and buy closer to the lower green zone which matches with the 200day ma. there are also a bunch of Bearish engulfing candles, which together with the weekly stochastic still overbought points to a further fall in this instrument. Will reconsider buying closer to the...
One of the shares I will be highlighting in the upcoming week's research note(s): - Long Term Holders: Caution; Test of Prior Multi-Year Breakdown Level and Fibonacci extension. - Reviewing the monthly chart, it’s important to note the share trading at it’s prior multi-year peak, with the currently pullback being in line with the same breakdown level of July...