Impala - Double top ( Daily & 240 min)It seems a double top was formed on daily & 240 min charts with RSI divergence evident on 240 min. Technically the double bottom scenario only becomes valid once the support level between 10000 & 9700 is broken. When one considers the Platinum chart it seems that the price is sliding down and that Impala will follow suit. Although the double bottom pattern is not confirmed yet, the bigger picture shows high probability that an early short entry is worth the risk. If the double bottom pattern confirms by breaking the support level, a downside target of <7500 is likely. TRADE Sell @ 11100 Stop @ 12100 Target 1 @ 7500 Risk = 1000 Reward = 3600 Shortby LifesongUpdated 10
Will Impala breakout?After the rapid decline between middle February and middle March this year, Impala (IMP) more than doubled from its lows. The next movement for IMP will be significant, and it will determine the direction of the break out of the Descending Triangle. The share price has recently found strong support from its 21-day Exponential Moving Average (EMA), with primary support (R103.50) again holding up. A break and close above the 50-day EMA (at R106.70), could see IMP test its April highs of R125.50 again over the shorter-term. IMP has lost some of its momentum lately, but still finds itself in positive territory. The share price relative to the Palladium price in Rand is looking a lot better compared to levels seen at the end of 2019 and although not oversold anymore, still confirms a possible entry at current levels. Also read our full report on Impala here: oldoak.co.zaLongby SchalkLouwUpdated 118
Impala Platinum (IMP) still range boundAlthough Implats (IMP) closed strong on Friday (15 May 2020), it failed to break the current downward resistance (symmetrical wedge). It also seems to struggle to break the 50 EMA convincingly (10 EMA < 20 EMA <50 EMA). Price is range bound between 9700 and 11600 and will first need to break 11600 convincingly for a long entry. There is still time for movement within the wedge and range.by StarChaser749
ImplatsBull flag developing on Implats daily chart, if triggered, measured target is around R155.Longby Innocentmaponde5511
$JSEIMP Implats Rise and fall.Implats giving it's 202% share appreciation since May 2019 all back. 68% drop in a short period of time.by KoosKanmar5
IMP - Bullish EngulfingJust by purely looking at the charts, JSE:IMP has formed a bullish engulfing chart pattern and we could see an upward move confirmed by the stochastic. I am remaining cautious as the world markets are all majorly down this morning, so I will definitely wait for a solid confirmation before entering long.Longby RossLarter118
IMP LongIMP bounce on Trend line resistance and volatility is up After yesterdays nee jerk reactions to the budget speech and over selling the stock is prime for a surge up today is expected some positive growth on over selling pressure Longby surecanweightUpdated 3
IMPALA PLATINUMLooking forward to a drop here towards QML, RSI Divergence and elliot wave supports.Shortby TheGreatestMarketAnalyst9
IMPALA PLATINUM HLDGSLooking for more bears to come into play as this is at the very mature Fib level of retracement, I am looking for a dropShortby TheGreatestMarketAnalyst6
IMPALA PLATINUM HOLDINGSCurrently at the 61.8 Fib level, we anticipate a pullback respecting the Fibonacci tool plus buyers have been dominant we need a bit of sellersShortby TheGreatestMarketAnalyst6
Good R:R IMP short?Not a lot of people agree with this idea.. but a 1:10 R:R here on the short.Shortby Herenya6
Weekly game plan 26 January 2020 - IMPSupport needs to hold, else highly likely to see a move back down to the longer-term trend line. by Herenya6
IMPALA PLATINUMGoing up to the supply zone at "D" then we sell Fib Retracement to 50.00by TheGreatestMarketAnalyst6
IMPALA: A BEAUTIFUL YEARLY Chart; 40.00 within 24 MonthsThis is one of the most bullish stocks in the entire precious metals market right now. It behooves me that rarely anyone talks about it, especially, since they acquired the 2nd largest Palladium mine in the world from from Thunder Bay, Ontario, Canada. From looking at the current price of Palladium and the future, it is a big deal. I have said enough about this stock over the past few months so I won't bore anyone further, but for a stable stock that is going to 40.00+ within 24 months, I suggest investing in IMPALA on every 2% decline and holding. - zSplitLongby PaulDeep191311119
IMPALA: Top Precious Metals Player. Mega Buy.I have been harping about this stock for quite a while now and as it continues to gain momentum - seen by very small declines even when Platinum declines - the time to buy is now - large cup forming as we speak. I first purchased 3500 shares of Impala back when it was near 4.00 and I have been adding on every 2% pullback thereafter in 1K USD worth increments. This is one of the top Platinum and PGM stocks in the world to purchase right now with incredible acquisitions. The fact they have purchased PDL from Thunder Bay, ON, Canada, makes this an incredible stock for at-least the next 5 or however many years thereafter. This stock although not as well-known as others, for those who follow precious metals closer, have issued big buy ratings for the stock. In the next 5 years this stock will be well north of 40.00 a share and the time to buy is now. Heavily undervalued stock. - zSplitLongby PaulDeep19131Updated 9
IMPALA PLATINUMWe have a sell entry on Impala with the reason being the RSI Divergence and the correction being completed.Shortby TheGreatestMarketAnalyst5
Don't need to be a genius to invest.Bullish cycle continuation for Impala/Platinum. Target 15000.Longby szynsl33zy997
#JSEIMP - IMPALA SHORT Idea- Stock has has a solid run and looks set for a breather - TP & SL on chart - MANAGE YOUR RISK - Disclaimer: All ideas are my opinion and should not be taken as financial advice. Shortby Trader-DanUpdated 11
IMPALA: A Precious Metals Holder for DecadesImpala is one of the largest Platinum producers in the world, and an extremely cheap stock when one studies their balance sheet. South African in descent, this company has made some exceptional acquisitions with the latest in North American Palladium (Ticker: PDL; Canadian producer in Thunder Bay, Ontario) which is one of the top producing Palladium mines in the world. Palladium's necessity is expected to increase tremendously in book price over the long term as the world turns to a more "cleaner" form of transportation. With Platinum still somewhat stagnant, now is the time to invest in IMPALA as once Platinum breaks 1000.00 USD/oz in the next month this stock will take off. Short interest in this company is also decreasing significantly and once they become more extinguished, the price will tick higher drastically.; this company also offers exposure to other metals like Rhodium. This is one of the most stable stocks on the market. Moreover, because of their significant acquisitions over the past 5-10 years, this is a stock to hold not just for this upcoming precious metals bull run, but also for ever, as Palladium for example will continue to be "in need" for decades to come for catalytic converters, hydrogen fuel cells and medical equipment. - zSplitLongby PaulDeep19131229